SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sets New 12-Month High – Here’s Why

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) reached a new 52-week high on Wednesday . The company traded as high as $139.87 and last traded at $139.7050, with a volume of 890 shares traded. The stock had previously closed at $138.20.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The business has a 50 day simple moving average of $135.77 and a 200-day simple moving average of $133.42. The firm has a market capitalization of $558.56 million, a price-to-earnings ratio of 18.12 and a beta of 0.88.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased 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 worth $45,934,000 after buying an additional 21,609 shares during the last quarter. CW Advisors LLC acquired a new stake in SPDR Russell 1000 Low Volatility Focus ETF during the second quarter worth $16,623,000. HF Advisory Group LLC raised its position 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 valued at $14,208,000 after purchasing an additional 94,249 shares during the period. Berkeley Inc raised its position 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 purchasing an additional 2,596 shares during the period. Finally, Provident Wealth Management LLC lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 2.1% in the 4th 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.