SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sets New 52-Week High – Still a Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $136.37 and last traded at $136.04, with a volume of 2358 shares trading hands. The stock had previously closed at $133.99.

SPDR Russell 1000 Yield Focus ETF Trading Up 1.7%

The stock’s fifty day moving average is $131.15 and its two-hundred day moving average is $126.45. The firm has a market cap of $688.11 million, a P/E ratio of 14.77 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Waverly Advisors LLC boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 7.9% during the 1st quarter. Waverly Advisors LLC now owns 65,654 shares of the company’s stock valued at $7,882,000 after acquiring an additional 4,796 shares during the last quarter. Pathfinder Wealth Consulting Inc. purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF during the fourth quarter worth about $1,076,000. Collaborative Wealth Managment Inc. increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 30.9% in the fourth quarter. Collaborative Wealth Managment Inc. now owns 32,325 shares of the company’s stock worth $3,671,000 after purchasing an additional 7,626 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 261.8% in the first quarter. Kestra Advisory Services LLC now owns 18,831 shares of the company’s stock worth $2,261,000 after purchasing an additional 13,626 shares during the last quarter. Finally, World Equity Group Inc. raised its stake in SPDR Russell 1000 Yield Focus ETF by 101.1% in the second quarter. World Equity Group Inc. now owns 7,526 shares of the company’s stock valued at $964,000 after purchasing an additional 3,783 shares in 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.