SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sees Large Volume Increase – Still a Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) shares saw strong trading volume on Thursday . 4,745 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 6,019 shares.The stock last traded at $129.02 and had previously closed at $130.36.

SPDR Russell 1000 Low Volatility Focus ETF Trading Up 0.1 %

The firm has a market cap of $691.38 million, a P/E ratio of 18.55 and a beta of 0.79. The company’s 50-day moving average is $129.53 and its two-hundred day moving average is $127.51.

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

An institutional investor recently raised its position in SPDR Russell 1000 Low Volatility Focus ETF stock. Creative Financial Designs Inc. ADV lifted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) by 20.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,210 shares of the company’s stock after acquiring an additional 1,053 shares during the quarter. Creative Financial Designs Inc. ADV owned 0.12% of SPDR Russell 1000 Low Volatility Focus ETF worth $806,000 at the end of the most recent 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.