SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sets New 1-Year High – What’s Next?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $142.35 and last traded at $142.4460, with a volume of 1761 shares traded. The stock had previously closed at $141.49.

SPDR Russell 1000 Low Volatility Focus ETF Stock Up 0.6%

The company has a market cap of $567.87 million, a PE ratio of 18.12 and a beta of 0.88. The firm’s 50-day moving average is $136.29 and its 200-day moving average is $133.69.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 6.7% during 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 in the last quarter. CW Advisors LLC bought a new stake in SPDR Russell 1000 Low Volatility Focus ETF during the second quarter worth about $16,623,000. HF Advisory Group LLC grew its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 758.1% in the fourth quarter. HF Advisory Group LLC now owns 106,681 shares of the company’s stock worth $14,208,000 after purchasing an additional 94,249 shares during the period. Berkeley Inc increased its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 5.4% during the third quarter. Berkeley Inc now owns 50,608 shares of the company’s stock valued at $6,736,000 after purchasing an additional 2,596 shares in the last quarter. Finally, Provident Wealth Management LLC lifted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 2.1% during the fourth quarter. Provident Wealth Management LLC now owns 40,466 shares of the company’s stock valued at $5,390,000 after purchasing an additional 838 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.