SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Large Volume Increase – Still a Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-strong trading volume on Friday. 113,843 shares traded hands during mid-day trading, an increase of 375% from the average daily volume of 23,953 shares. The stock last traded at $134.97 and had previously closed at $136.46.

SPDR Russell 1000 Yield Focus ETF Trading Down 1.3%

The stock’s 50-day simple moving average is $130.22 and its 200-day simple moving average is $127.44. The firm has a market capitalization of $670.88 million, a P/E ratio of 14.91 and a beta of 0.85.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in SPDR Russell 1000 Yield Focus ETF by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 104,734 shares of the company’s stock worth $13,416,000 after acquiring an additional 9,898 shares during the period. Waverly Advisors LLC boosted its position in SPDR Russell 1000 Yield Focus ETF by 9.2% in the second quarter. Waverly Advisors LLC now owns 71,713 shares of the company’s stock worth $9,186,000 after purchasing an additional 6,059 shares during the last quarter. Cetera Investment Advisers boosted its position in SPDR Russell 1000 Yield Focus ETF by 53.2% in the first quarter. Cetera Investment Advisers now owns 58,981 shares of the company’s stock worth $7,081,000 after purchasing an additional 20,490 shares during the last quarter. Kestra Advisory Services LLC grew its stake in SPDR Russell 1000 Yield Focus ETF by 174.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 49,410 shares of the company’s stock valued at $6,073,000 after purchasing an additional 31,410 shares during the period. Finally, Collaborative Wealth Managment Inc. grew its stake in SPDR Russell 1000 Yield Focus ETF by 5.5% in the 3rd quarter. Collaborative Wealth Managment Inc. now owns 42,435 shares of the company’s stock valued at $5,216,000 after purchasing an additional 2,231 shares during the period.

About SPDR Russell 1000 Yield Focus ETF

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.