SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Shares Gap Down – Should You Sell?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $117.77, but opened at $114.92. SPDR Russell 1000 Low Volatility Focus ETF shares last traded at $118.61, with a volume of 22,162 shares changing hands.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

The firm has a fifty day simple moving average of $127.22 and a two-hundred day simple moving average of $128.69. The firm has a market capitalization of $538.41 million, a P/E ratio of 18.78 and a beta of 0.99.

SPDR Russell 1000 Low Volatility Focus ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.5077 dividend. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On SPDR Russell 1000 Low Volatility Focus ETF

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF in the fourth quarter worth about $87,000. Jones Financial Companies Lllp boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 95.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,912 shares of the company’s stock worth $365,000 after buying an additional 1,425 shares during the period. Creative Financial Designs Inc. ADV grew its stake in SPDR Russell 1000 Low Volatility Focus ETF by 16.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,261 shares of the company’s stock valued at $911,000 after buying an additional 1,051 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 12.9% during the 4th quarter. SOA Wealth Advisors LLC. now owns 7,833 shares of the company’s stock valued at $983,000 after acquiring an additional 895 shares during the period. Finally, Fifth Third Securities Inc. lifted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 64.0% during the fourth quarter. Fifth Third Securities Inc. now owns 15,773 shares of the company’s stock worth $1,979,000 after acquiring an additional 6,156 shares in 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.