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

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $129.95 and last traded at $129.95, with a volume of 2164 shares trading hands. The stock had previously closed at $129.51.

SPDR Russell 1000 Yield Focus ETF Trading Up 1.4%

The company has a market capitalization of $877.59 million, a P/E ratio of 14.77 and a beta of 0.83. The company has a 50 day moving average price of $125.33 and a 200 day moving average price of $121.35.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of SPDR Russell 1000 Yield Focus ETF in the first quarter valued at $271,000. Ameriprise Financial Inc. boosted its holdings 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 buying an additional 103,997 shares during the period. Equitable Holdings Inc. boosted its holdings in shares of 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 worth $3,460,000 after buying an additional 4,744 shares during the period. Tower Research Capital LLC TRC grew its stake in SPDR Russell 1000 Yield Focus ETF by 34.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the company’s stock valued at $295,000 after buying an additional 702 shares during the last quarter. Finally, Truist Financial Corp grew its stake in SPDR Russell 1000 Yield Focus ETF by 31.8% in the 3rd quarter. Truist Financial Corp now owns 3,804 shares of the company’s stock valued at $430,000 after buying an additional 917 shares during 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.