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

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

SPDR Russell 1000 Yield Focus ETF Stock Down 0.3%

The firm has a market cap of $738.81 million, a price-to-earnings ratio of 14.77 and a beta of 0.83. The business has a 50 day moving average of $128.46 and a 200 day moving average of $124.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 1,270,103 shares of the company’s stock valued at $137,039,000 after buying an additional 103,997 shares during the last quarter. LPL Financial LLC boosted its position in SPDR Russell 1000 Yield Focus ETF by 4.1% during 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 during the last quarter. Kestra Investment Management LLC boosted its position in SPDR Russell 1000 Yield Focus ETF by 37.8% during the fourth quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock worth $41,284,000 after acquiring an additional 99,754 shares during the last quarter. Mariner LLC grew its stake in SPDR Russell 1000 Yield Focus ETF by 1.6% in the 4th quarter. Mariner LLC now owns 211,622 shares of the company’s stock worth $24,032,000 after acquiring an additional 3,372 shares during the period. Finally, Moulton Wealth Management Inc. purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 4th quarter worth approximately $22,545,000.

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.