SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) saw an uptick in trading volume on Thursday . 4,746 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 5,428 shares.The stock last traded at $128.48 and had previously closed at $129.46.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The company’s 50 day simple moving average is $127.91 and its 200 day simple moving average is $128.77. The stock has a market cap of $588.11 million, a PE ratio of 18.96 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ONEV. Fifth Third Securities Inc. raised its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 64.0% in the fourth quarter. Fifth Third Securities Inc. now owns 15,773 shares of the company’s stock worth $1,979,000 after buying an additional 6,156 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 12.9% during the fourth quarter. SOA Wealth Advisors LLC. now owns 7,833 shares of the company’s stock worth $983,000 after purchasing an additional 895 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 16.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,261 shares of the company’s stock worth $911,000 after purchasing an additional 1,051 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 95.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,912 shares of the company’s stock valued at $365,000 after buying an additional 1,425 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in SPDR Russell 1000 Low Volatility Focus ETF in the fourth quarter worth $87,000.

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.