SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 52-Week High – Time to Buy?

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $121.85 and last traded at $121.5540, with a volume of 4368 shares changing hands. The stock had previously closed at $120.11.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The firm’s 50 day moving average is $116.43 and its 200 day moving average is $113.93. The stock has a market cap of $834.33 million, a P/E ratio of 14.77 and a beta of 0.96.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its stake in SPDR Russell 1000 Yield Focus ETF by 4.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 53,032 shares of the company’s stock worth $5,742,000 after acquiring an additional 2,273 shares during the last quarter. Collaborative Wealth Managment Inc. raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 7.4% in the second quarter. Collaborative Wealth Managment Inc. now owns 24,132 shares of the company’s stock worth $2,613,000 after purchasing an additional 1,653 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 0.9% during the second quarter. Leavell Investment Management Inc. now owns 17,144 shares of the company’s stock worth $1,856,000 after purchasing an additional 145 shares during the period. Thoroughbred Financial Services LLC boosted its position in SPDR Russell 1000 Yield Focus ETF by 68.5% in the second quarter. Thoroughbred Financial Services LLC now owns 4,260 shares of the company’s stock valued at $461,000 after buying an additional 1,732 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in SPDR Russell 1000 Yield Focus ETF during the 2nd quarter worth approximately $1,156,000.

SPDR Russell 1000 Yield Focus ETF Company Profile

The SPDR Russell 1000 Yield Focus ETF (ONEY) is an exchange-traded fund that is based on the Russell 1000 Yield Focused Factor index. 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. ONEY was launched on Dec 2, 2015 and is managed by State Street.