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 share price reached a new 52-week high on Wednesday . The company traded as high as $136.37 and last traded at $136.04, with a volume of 2358 shares changing hands. The stock had previously closed at $133.99.

SPDR Russell 1000 Yield Focus ETF Stock Up 1.7%

The stock has a market cap of $688.11 million, a PE ratio of 14.77 and a beta of 0.83. The firm has a 50-day simple moving average of $131.15 and a 200-day simple moving average of $126.45.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. World Equity Group Inc. lifted its holdings in SPDR Russell 1000 Yield Focus ETF by 101.1% during the 2nd quarter. World Equity Group Inc. now owns 7,526 shares of the company’s stock worth $964,000 after purchasing an additional 3,783 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 42.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,737 shares of the company’s stock valued at $351,000 after buying an additional 810 shares in the last quarter. RDA Financial Network grew its holdings in SPDR Russell 1000 Yield Focus ETF by 8.2% during the 2nd quarter. RDA Financial Network now owns 2,037 shares of the company’s stock valued at $261,000 after buying an additional 155 shares in the last quarter. Bank of America Corp DE increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 31.6% during the first quarter. Bank of America Corp DE now owns 31,344 shares of the company’s stock valued at $3,763,000 after buying an additional 7,521 shares during the period. Finally, Royal Bank of Canada increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 18.4% during the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock valued at $181,000 after buying an additional 234 shares during the period.

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.