SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 1-Year High – Should You Buy?

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) reached a new 52-week high on Friday . The stock traded as high as $132.70 and last traded at $132.70, with a volume of 236 shares trading hands. The stock had previously closed at $129.36.

SPDR Russell 1000 Yield Focus ETF Trading Up 0.6%

The firm has a market cap of $745.77 million, a PE ratio of 14.77 and a beta of 0.83. The business’s 50-day simple moving average is $128.33 and its 200 day simple moving average is $123.99.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 4th quarter valued at $36,000. Allworth Financial LP bought a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 3rd quarter worth $49,000. Root Financial Partners LLC bought a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 1st quarter worth $64,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth $137,000. Finally, Royal Bank of Canada lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 18.4% during the 1st quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock worth $181,000 after purchasing an additional 234 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.