SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Trading Down 0.4% – Here’s Why

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) fell 0.4% during trading on Monday . The company traded as low as $138.55 and last traded at $138.64. 4,679 shares were traded during trading, a decline of 67% from the average session volume of 14,339 shares. The stock had previously closed at $139.16.

SPDR Russell 1000 Low Volatility Focus ETF Stock Down 0.3%

The firm has a market cap of $496.35 million, a price-to-earnings ratio of 18.12 and a beta of 0.82. The stock’s 50 day moving average is $137.12 and its 200 day moving average is $136.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ONEV. Allworth Financial LP acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the fourth quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the fourth quarter valued at approximately $36,000. IFP Advisors Inc grew its position in SPDR Russell 1000 Low Volatility Focus ETF by 2,256.5% in the fourth quarter. IFP Advisors Inc now owns 542 shares of the company’s stock worth $72,000 after buying an additional 519 shares during the last quarter. Larson Financial Group LLC acquired a new position in SPDR Russell 1000 Low Volatility Focus ETF in the fourth quarter worth approximately $132,000. Finally, Empowered Funds LLC acquired a new position in SPDR Russell 1000 Low Volatility Focus ETF in the fourth quarter worth approximately $133,000.

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.