SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Trading 0.8% Higher – Time to Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares were up 0.8% during trading on Monday . The stock traded as high as $116.33 and last traded at $115.89. Approximately 16,024 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 34,112 shares. The stock had previously closed at $114.94.

SPDR Russell 1000 Yield Focus ETF Stock Up 0.8%

The stock has a market capitalization of $826.30 million, a P/E ratio of 14.77 and a beta of 0.96. The company has a 50 day moving average of $113.31 and a 200-day moving average of $112.62.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

A number of large investors have recently bought and sold shares of the business. Leavell Investment Management Inc. grew its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 0.9% during the second quarter. Leavell Investment Management Inc. now owns 17,144 shares of the company’s stock valued at $1,856,000 after purchasing an additional 145 shares during the last quarter. Valmark Advisers Inc. boosted 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 valued at $262,000 after purchasing an additional 163 shares during the period. World Equity Group Inc. grew its stake in SPDR Russell 1000 Yield Focus ETF by 5.5% during the 3rd quarter. World Equity Group Inc. now owns 3,601 shares of the company’s stock worth $407,000 after buying an additional 188 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 third quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the company’s stock worth $330,000 after buying an additional 199 shares during the period. Finally, CoreFirst Bank & Trust lifted its stake in SPDR Russell 1000 Yield Focus ETF by 2.4% in the second quarter. CoreFirst Bank & Trust now owns 11,058 shares of the company’s stock valued at $1,197,000 after buying an additional 264 shares during 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.