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

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares saw unusually-high trading volume on Thursday . Approximately 286,998 shares were traded during mid-day trading, an increase of 1,054% from the previous session’s volume of 24,873 shares.The stock last traded at $120.62 and had previously closed at $121.00.

SPDR Russell 1000 Yield Focus ETF Trading Down 0.5%

The stock has a market cap of $828.01 million, a price-to-earnings ratio of 14.77 and a beta of 0.96. The company has a fifty day simple moving average of $121.86 and a 200-day simple moving average of $116.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth about $36,000. Allworth Financial LP acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the third quarter worth approximately $49,000. CWM LLC grew its position in SPDR Russell 1000 Yield Focus ETF by 125.2% during the third quarter. CWM LLC now owns 491 shares of the company’s stock valued at $56,000 after purchasing an additional 273 shares in the last quarter. Orion Capital Management LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 3rd quarter worth approximately $62,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 249.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 936 shares of the company’s stock valued at $106,000 after acquiring an additional 668 shares in the last quarter.

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.