SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 1-Year High – Time to Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $137.72 and last traded at $137.6190, with a volume of 3,439 shares trading hands. The stock had previously closed at $134.69.

SPDR Russell 1000 Yield Focus ETF Trading Down 1.3%

The stock’s fifty day moving average price is $130.22 and its 200-day moving average price is $127.44. The firm has a market cap of $670.88 million, a price-to-earnings ratio of 14.91 and a beta of 0.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Waverly Advisors LLC increased its stake in SPDR Russell 1000 Yield Focus ETF by 7.9% during the first quarter. Waverly Advisors LLC now owns 65,654 shares of the company’s stock worth $7,882,000 after acquiring an additional 4,796 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 261.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,831 shares of the company’s stock valued at $2,261,000 after purchasing an additional 13,626 shares during the last quarter. World Equity Group Inc. lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 101.1% in the 2nd quarter. World Equity Group Inc. now owns 7,526 shares of the company’s stock valued at $964,000 after purchasing an additional 3,783 shares during the last quarter. Fifth Third Securities Inc. acquired a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 3rd quarter valued at $1,346,000. Finally, Bank of America Corp DE grew its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 31.6% during the 1st quarter. Bank of America Corp DE now owns 31,344 shares of the company’s stock worth $3,763,000 after purchasing an additional 7,521 shares during the period.

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.