SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Strong Trading Volume – Here’s Why

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-strong trading volume on Friday . Approximately 56,787 shares changed hands during trading, an increase of 164% from the previous session’s volume of 21,513 shares.The stock last traded at $107.88 and had previously closed at $106.45.

SPDR Russell 1000 Yield Focus ETF Price Performance

The business has a 50 day moving average price of $110.87 and a 200 day moving average price of $111.67. The firm has a market capitalization of $798.85 million, a P/E ratio of 15.98 and a beta of 1.12.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 20.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 26,333 shares of the company’s stock valued at $2,954,000 after buying an additional 4,495 shares in the last quarter. IHT Wealth Management LLC raised its position in SPDR Russell 1000 Yield Focus ETF by 30.7% in the third quarter. IHT Wealth Management LLC now owns 19,339 shares of the company’s stock worth $2,169,000 after purchasing an additional 4,548 shares in the last quarter. Horizon Wealth Management LLC lifted its stake in SPDR Russell 1000 Yield Focus ETF by 19.7% during the fourth quarter. Horizon Wealth Management LLC now owns 13,683 shares of the company’s stock worth $1,490,000 after purchasing an additional 2,255 shares during the period. RDA Financial Network boosted its holdings in SPDR Russell 1000 Yield Focus ETF by 14.5% during the fourth quarter. RDA Financial Network now owns 2,176 shares of the company’s stock valued at $237,000 after purchasing an additional 275 shares in the last quarter. Finally, IVC Wealth Advisors LLC grew its stake in shares of SPDR Russell 1000 Yield Focus ETF by 4.9% in the 4th quarter. IVC Wealth Advisors LLC now owns 2,900 shares of the company’s stock valued at $316,000 after purchasing an additional 135 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.