Moulton Wealth Management Inc. Invests $22.55 Million in SPDR Russell 1000 Yield Focus ETF $ONEY

Moulton Wealth Management Inc. purchased a new stake in SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 198,524 shares of the company’s stock, valued at approximately $22,545,000. SPDR Russell 1000 Yield Focus ETF makes up about 15.6% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Moulton Wealth Management Inc. owned 2.79% of SPDR Russell 1000 Yield Focus ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in SPDR Russell 1000 Yield Focus ETF during the third quarter worth about $49,000. CWM LLC increased its holdings 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 buying an additional 273 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 3rd quarter valued at approximately $62,000. GPS Wealth Strategies Group LLC lifted its position 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 during the period. Finally, RDA Financial Network purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 3rd quarter worth approximately $202,000.

SPDR Russell 1000 Yield Focus ETF Price Performance

Shares of NYSEARCA:ONEY opened at $119.39 on Friday. The firm has a market capitalization of $821.40 million, a price-to-earnings ratio of 14.77 and a beta of 0.96. The business’s 50 day simple moving average is $122.26 and its 200-day simple moving average is $116.66. SPDR Russell 1000 Yield Focus ETF has a 12 month low of $94.39 and a 12 month high of $127.17.

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.