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

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price reached a new 52-week high on Monday . The stock 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 Trading Up 1.6%

The firm has a 50 day moving average price of $129.41 and a 200-day moving average price of $124.94. The firm has a market cap of $692.04 million, a price-to-earnings ratio of 14.77 and a beta of 0.83.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONEY. Ameriprise Financial Inc. grew 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 purchasing an additional 103,997 shares during the last quarter. Kestra Investment Management LLC raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 37.8% during the 4th quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock worth $41,284,000 after purchasing an additional 99,754 shares during the last quarter. Savvy Advisors Inc. acquired a new position in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth approximately $3,085,000. LPL Financial LLC lifted its stake in SPDR Russell 1000 Yield Focus ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 659,505 shares of the company’s stock valued at $74,894,000 after buying an additional 26,009 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in SPDR Russell 1000 Yield Focus ETF by 53.2% in the 1st quarter. Cetera Investment Advisers now owns 58,981 shares of the company’s stock valued at $7,081,000 after buying 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.