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 during trading on Tuesday . The company traded as high as $132.06 and last traded at $131.88, with a volume of 3804 shares. The stock had previously closed at $130.07.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The company has a market capitalization of $732.17 million, a P/E ratio of 14.77 and a beta of 0.83. The firm’s fifty day moving average is $127.76 and its 200 day moving average is $123.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the first quarter worth approximately $271,000. Ameriprise Financial Inc. lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 8.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,270,103 shares of the company’s stock worth $137,039,000 after acquiring an additional 103,997 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in SPDR Russell 1000 Yield Focus ETF by 17.4% during the 2nd quarter. Equitable Holdings Inc. now owns 31,959 shares of the company’s stock valued at $3,460,000 after acquiring an additional 4,744 shares during the period. Tower Research Capital LLC TRC boosted its holdings in SPDR Russell 1000 Yield Focus ETF by 34.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the company’s stock valued at $295,000 after acquiring an additional 702 shares during the period. Finally, Raymond James Financial Inc. grew its position in SPDR Russell 1000 Yield Focus ETF by 2.5% in the 3rd quarter. Raymond James Financial Inc. now owns 196,311 shares of the company’s stock valued at $22,214,000 after acquiring an additional 4,791 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.