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

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $132.04 and last traded at $131.87, with a volume of 1302 shares changing hands. The stock had previously closed at $129.37.

SPDR Russell 1000 Low Volatility Focus ETF Stock Up 2.2 %

The stock has a market cap of $704.78 million, a price-to-earnings ratio of 18.55 and a beta of 0.79. The stock’s fifty day moving average is $128.31 and its 200-day moving average is $123.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Securities Inc. boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 30.4% in the second quarter. Fifth Third Securities Inc. now owns 10,079 shares of the company’s stock valued at $1,191,000 after buying an additional 2,348 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 20.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,210 shares of the company’s stock valued at $806,000 after buying an additional 1,053 shares during the period. Finally, Grey Fox Wealth Advisors LLC boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 13.0% during the third quarter. Grey Fox Wealth Advisors LLC now owns 3,800 shares of the company’s stock worth $493,000 after purchasing an additional 437 shares during the last quarter.

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.