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

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-high trading volume on Wednesday . Approximately 11,950 shares traded hands during trading, a decline of 46% from the previous session’s volume of 22,104 shares.The stock last traded at $112.28 and had previously closed at $111.88.

SPDR Russell 1000 Yield Focus ETF Trading Up 0.4 %

The company has a market cap of $845.76 million, a price-to-earnings ratio of 12.92 and a beta of 0.85. The stock has a 50-day simple moving average of $112.20 and a 200-day simple moving average of $110.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lebenthal Global Advisors LLC bought a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth $12,118,000. Capital Asset Advisory Services LLC lifted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 8.9% during the fourth quarter. Capital Asset Advisory Services LLC now owns 11,262 shares of the company’s stock valued at $1,232,000 after purchasing an additional 916 shares during the last quarter. Precedent Wealth Partners LLC boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 2.1% in the 4th quarter. Precedent Wealth Partners LLC now owns 7,268 shares of the company’s stock valued at $791,000 after purchasing an additional 148 shares during the period. Cornerstone Wealth Management LLC purchased a new position in SPDR Russell 1000 Yield Focus ETF in the 4th quarter worth about $221,000. Finally, IVC Wealth Advisors LLC raised its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 4.9% during the fourth quarter. IVC Wealth Advisors LLC now owns 2,900 shares of the company’s stock valued at $316,000 after acquiring an additional 135 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.