SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Hits New 1-Year Low – Should You Sell?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $113.16 and last traded at $113.16, with a volume of 2479 shares traded. The stock had previously closed at $117.77.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The stock has a market cap of $554.47 million, a price-to-earnings ratio of 18.78 and a beta of 0.99. The business has a 50-day simple moving average of $126.61 and a two-hundred day simple moving average of $128.49.

SPDR Russell 1000 Low Volatility Focus ETF Cuts Dividend

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

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in SPDR Russell 1000 Low Volatility Focus ETF during the 4th quarter worth $87,000. 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 in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 16.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,261 shares of the company’s stock worth $911,000 after acquiring an additional 1,051 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 95.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,912 shares of the company’s stock valued at $365,000 after purchasing an additional 1,425 shares during the period. Finally, Fifth Third Securities Inc. raised 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 during 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.