SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Trading Down 0.4% – Should You Sell?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEVGet Free Report)’s share price fell 0.4% during mid-day trading on Monday . The stock traded as low as $138.55 and last traded at $138.64. 4,679 shares were traded during mid-day trading, a decline of 67% from the average session volume of 14,339 shares. The stock had previously closed at $139.16.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

The firm has a 50 day simple moving average of $137.30 and a two-hundred day simple moving average of $136.29. The stock has a market cap of $497.72 million, a price-to-earnings ratio of 18.12 and a beta of 0.82.

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

Several hedge funds have recently added to or reduced their stakes in ONEV. Pacific Sun Financial Corp raised its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 7.4% during the first quarter. Pacific Sun Financial Corp now owns 6,985 shares of the company’s stock worth $937,000 after purchasing an additional 480 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF during the first quarter worth about $279,000. Diversify Wealth Management LLC acquired a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF during the first quarter worth about $589,000. Provident Wealth Management LLC raised its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 0.4% during the first quarter. Provident Wealth Management LLC now owns 40,630 shares of the company’s stock worth $5,451,000 after purchasing an additional 164 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF during the fourth quarter worth about $133,000.

SPDR Russell 1000 Low Volatility Focus ETF Company Profile

(Get Free Report)

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.

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