SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Reaches New 12-Month High – Time to Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $118.68 and last traded at $119.1790, with a volume of 2409 shares. The stock had previously closed at $118.11.

SPDR Russell 1000 Yield Focus ETF Price Performance

The company has a market cap of $856.54 million, a P/E ratio of 14.77 and a beta of 0.96. The business’s 50 day moving average price is $114.40 and its 200-day moving average price is $113.15.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Leavell Investment Management Inc. increased its stake in shares of SPDR Russell 1000 Yield Focus ETF by 0.9% in the second quarter. Leavell Investment Management Inc. now owns 17,144 shares of the company’s stock valued at $1,856,000 after buying an additional 145 shares in the last quarter. Valmark Advisers Inc. lifted its position in SPDR Russell 1000 Yield Focus ETF by 7.2% during the 2nd quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock worth $262,000 after buying an additional 163 shares in the last quarter. World Equity Group Inc. grew its holdings in SPDR Russell 1000 Yield Focus ETF by 4.5% during the 4th quarter. World Equity Group Inc. now owns 3,764 shares of the company’s stock worth $427,000 after acquiring an additional 163 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in SPDR Russell 1000 Yield Focus ETF by 7.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the company’s stock valued at $330,000 after acquiring an additional 199 shares in the last quarter. Finally, Precedent Wealth Partners LLC raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 1.7% in the fourth quarter. Precedent Wealth Partners LLC now owns 12,847 shares of the company’s stock worth $1,459,000 after acquiring an additional 217 shares during 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.