SPDR Russell 1000 Low Volatility Focus ETF $ONEV Stock: Provident Wealth Management LLC Decreases Position

Provident Wealth Management LLC decreased its position in SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) by 28.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,875 shares of the company’s stock after selling 11,726 shares during the period. SPDR Russell 1000 Low Volatility Focus ETF comprises approximately 1.5% of Provident Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Provident Wealth Management LLC owned 1.56% of SPDR Russell 1000 Low Volatility Focus ETF worth $4,150,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ONEV. Phillip James Consulting Co. acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the 1st quarter worth $579,000. Diversify Wealth Management LLC purchased a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF in the 1st quarter worth about $589,000. B. Riley Wealth Advisors Inc. acquired a new stake in SPDR Russell 1000 Low Volatility Focus ETF in the 3rd quarter valued at about $478,000. Citadel Advisors LLC grew its stake in SPDR Russell 1000 Low Volatility Focus ETF by 80.3% in the 2nd quarter. Citadel Advisors LLC now owns 2,949 shares of the company’s stock valued at $422,000 after acquiring an additional 1,313 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in SPDR Russell 1000 Low Volatility Focus ETF by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 8,996 shares of the company’s stock valued at $1,287,000 after acquiring an additional 94 shares during the last quarter.

SPDR Russell 1000 Low Volatility Focus ETF Trading Up 1.4%

NYSEARCA:ONEV opened at $147.73 on Wednesday. The firm has a 50-day moving average price of $145.83 and a two-hundred day moving average price of $143.51. SPDR Russell 1000 Low Volatility Focus ETF has a twelve month low of $129.05 and a twelve month high of $151.87. The company has a market capitalization of $282.16 million, a P/E ratio of 18.12 and a beta of 0.80.

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.