SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Reaches New 12-Month High – What’s Next?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $120.73 and last traded at $120.9950, with a volume of 666 shares traded. The stock had previously closed at $120.59.

SPDR Russell 1000 Yield Focus ETF Trading Up 0.2%

The company has a market cap of $833.52 million, a PE ratio of 14.77 and a beta of 0.96. The business’s 50 day moving average is $114.99 and its two-hundred day moving average is $113.41.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

A number of hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its stake in 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 valued at $137,039,000 after purchasing an additional 103,997 shares during the period. Kestra Investment Management LLC raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 4.5% during the third quarter. Kestra Investment Management LLC now owns 263,788 shares of the company’s stock valued at $29,850,000 after buying an additional 11,343 shares during the last quarter. Mariner LLC lifted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 10.5% in the third quarter. Mariner LLC now owns 208,250 shares of the company’s stock worth $23,565,000 after buying an additional 19,845 shares in the last quarter. Moulton Wealth Management Inc. purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the fourth quarter worth $22,545,000. Finally, Raymond James Financial Inc. boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 2.5% during the third quarter. Raymond James Financial Inc. now owns 196,311 shares of the company’s stock worth $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.