SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sets New 1-Year High – Time to Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) hit a new 52-week high during trading on Friday . The company traded as high as $116.10 and last traded at $116.10, with a volume of 727 shares changing hands. The stock had previously closed at $115.23.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The business has a fifty day simple moving average of $112.32 and a 200 day simple moving average of $108.67. The stock has a market capitalization of $877.33 million, a price-to-earnings ratio of 12.92 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONEY. Strategic Financial Concepts LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 9,541.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 790,022 shares of the company’s stock valued at $81,956,000 after buying an additional 781,828 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 2nd quarter valued at $15,176,000. FMA Wealth Management LLC lifted its position in shares of SPDR Russell 1000 Yield Focus ETF by 194.2% during the 3rd quarter. FMA Wealth Management LLC now owns 36,149 shares of the company’s stock valued at $4,054,000 after acquiring an additional 23,861 shares during the period. Cetera Investment Advisers lifted its position in shares of SPDR Russell 1000 Yield Focus ETF by 239.0% during the 1st quarter. Cetera Investment Advisers now owns 24,018 shares of the company’s stock valued at $2,610,000 after acquiring an additional 16,934 shares during the period. Finally, Creative Planning lifted its position in shares of SPDR Russell 1000 Yield Focus ETF by 3.1% during the 3rd quarter. Creative Planning now owns 256,939 shares of the company’s stock valued at $28,818,000 after acquiring an additional 7,795 shares during the period.

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.