SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Reaches New 1-Year High – Still a Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $137.60 and last traded at $137.53, with a volume of 2504 shares traded. The stock had previously closed at $137.33.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The stock has a market cap of $577.55 million, a price-to-earnings ratio of 18.12 and a beta of 0.88. The firm’s 50-day simple moving average is $133.89 and its two-hundred day simple moving average is $132.61.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ONEV. Ameritas Investment Partners Inc. boosted its position in SPDR Russell 1000 Low Volatility Focus ETF by 6.7% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 345,091 shares of the company’s stock valued at $45,934,000 after buying an additional 21,609 shares during the last quarter. CW Advisors LLC bought a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF during the second quarter worth $16,623,000. Integrated Capital Management LLC lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 5.2% during the second quarter. Integrated Capital Management LLC now owns 55,485 shares of the company’s stock valued at $7,162,000 after acquiring an additional 2,748 shares during the period. Berkeley Inc boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 5.4% in the third quarter. Berkeley Inc now owns 50,608 shares of the company’s stock valued at $6,736,000 after acquiring an additional 2,596 shares during the last quarter. Finally, Provident Wealth Management LLC boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 1.2% in the third quarter. Provident Wealth Management LLC now owns 39,628 shares of the company’s stock valued at $5,275,000 after acquiring an additional 473 shares during the last quarter.

About SPDR Russell 1000 Low Volatility Focus ETF

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.