SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-high trading volume on Thursday . Approximately 286,998 shares were traded during trading, an increase of 1,054% from the previous session’s volume of 24,873 shares.The stock last traded at $120.62 and had previously closed at $121.00.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The business has a 50 day simple moving average of $121.86 and a 200-day simple moving average of $116.35. The firm has a market capitalization of $828.01 million, a price-to-earnings ratio of 14.77 and a beta of 0.96.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Moulton Wealth Management Inc. purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth approximately $22,545,000. Ameriprise Financial Inc. increased 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 buying an additional 103,997 shares in the last quarter. Kestra Investment Management LLC boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 37.8% in the 4th quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock worth $41,284,000 after buying an additional 99,754 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the fourth quarter valued at approximately $5,286,000. Finally, Savvy Advisors Inc. purchased a new position in SPDR Russell 1000 Yield Focus ETF in the fourth quarter valued at about $3,085,000.

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.