SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Hits New 12-Month High – Should You Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $143.90 and last traded at $143.90, with a volume of 254 shares traded. The stock had previously closed at $141.62.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

The stock has a market cap of $517.64 million, a price-to-earnings ratio of 18.12 and a beta of 0.81. The business’s fifty day simple moving average is $139.06 and its 200 day simple moving average is $137.67.

Hedge Funds Weigh In On SPDR Russell 1000 Low Volatility Focus ETF

Hedge funds have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 4.4% during the first quarter. SOA Wealth Advisors LLC. now owns 10,305 shares of the company’s stock valued at $1,383,000 after acquiring an additional 430 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the first quarter valued at $74,000. Royal Bank of Canada boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 21.3% during the first quarter. Royal Bank of Canada now owns 3,638 shares of the company’s stock valued at $489,000 after acquiring an additional 638 shares during the period. Cetera Investment Advisers boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 8.3% during the first quarter. Cetera Investment Advisers now owns 46,038 shares of the company’s stock valued at $6,177,000 after acquiring an additional 3,523 shares during the period. Finally, Phillip James Consulting Co. acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the first quarter valued at $579,000.

SPDR Russell 1000 Low Volatility Focus ETF Company Profile

The SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors that are scaled by market cap. ONEV was launched on Dec 2, 2015 and is managed by State Street.