SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Stock Price Down 0.8% – Here’s What Happened

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price dropped 0.8% during mid-day trading on Wednesday. The stock traded as low as $139.87 and last traded at $139.96. Approximately 5,516 shares were traded during trading, a decline of 68% from the average daily volume of 16,993 shares. The stock had previously closed at $141.03.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The company has a 50 day moving average of $146.78 and a 200 day moving average of $142.80. The firm has a market cap of $268.72 million, a P/E ratio of 18.12 and a beta of 0.80.

Institutional Trading of SPDR Russell 1000 Low Volatility Focus ETF

Several large investors have recently added to or reduced their stakes in ONEV. Integrated Wealth Concepts LLC bought a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the 2nd quarter valued at $67,000. EverSource Wealth Advisors LLC bought a new position in SPDR Russell 1000 Low Volatility Focus ETF during the first quarter valued at about $74,000. Bank of New York Mellon Corp bought a new position in SPDR Russell 1000 Low Volatility Focus ETF during the first quarter valued at about $279,000. Kirkwood Financial Services acquired a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF in the second quarter worth about $327,000. Finally, Citadel Advisors LLC lifted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 80.3% in the second quarter. Citadel Advisors LLC now owns 2,949 shares of the company’s stock worth $422,000 after buying an additional 1,313 shares during the last quarter.

About SPDR Russell 1000 Low Volatility Focus ETF

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.