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

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) saw unusually-high trading volume on Friday . Approximately 5,056 shares changed hands during trading, a decline of 9% from the previous session’s volume of 5,535 shares.The stock last traded at $129.94 and had previously closed at $129.12.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The company has a market capitalization of $696.18 million, a PE ratio of 18.55 and a beta of 0.79. The company’s fifty day moving average is $129.39 and its 200-day moving average is $127.92.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Grey Fox Wealth Advisors LLC grew its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 13.0% during the third quarter. Grey Fox Wealth Advisors LLC now owns 3,800 shares of the company’s stock valued at $493,000 after purchasing an additional 437 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in SPDR Russell 1000 Low Volatility Focus ETF by 20.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,210 shares of the company’s stock worth $806,000 after purchasing an additional 1,053 shares during the period. Fifth Third Securities Inc. lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 64.0% during the 4th 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 during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its stake 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 valued at $983,000 after purchasing an additional 895 shares during the period.

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.