SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 1-Year High – What’s Next?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares hit a new 52-week high on Tuesday . The stock traded as high as $121.85 and last traded at $121.5540, with a volume of 4368 shares. The stock had previously closed at $120.11.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The company’s 50-day simple moving average is $116.43 and its 200 day simple moving average is $113.93. The company has a market cap of $834.33 million, a PE ratio of 14.77 and a beta of 0.96.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

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

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.