SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sets New 52-Week High – Should You Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $132.75 and last traded at $132.75, with a volume of 1056 shares changing hands. The stock had previously closed at $132.00.

SPDR Russell 1000 Yield Focus ETF Price Performance

The company has a 50-day moving average price of $129.06 and a 200 day moving average price of $124.69. The firm has a market capitalization of $682.03 million, a PE ratio of 14.77 and a beta of 0.83.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 8.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,270,103 shares of the company’s stock worth $137,039,000 after buying an additional 103,997 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 37.8% in the 4th quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock valued at $41,284,000 after acquiring an additional 99,754 shares during the last quarter. Savvy Advisors Inc. bought a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 4th quarter valued at about $3,085,000. LPL Financial LLC grew its position in SPDR Russell 1000 Yield Focus ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 659,505 shares of the company’s stock worth $74,894,000 after acquiring an additional 26,009 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in SPDR Russell 1000 Yield Focus ETF by 53.2% in the first quarter. Cetera Investment Advisers now owns 58,981 shares of the company’s stock worth $7,081,000 after acquiring an additional 20,490 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.