SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Large Volume Increase – Here’s What Happened

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-high trading volume on Friday. 113,843 shares were traded during mid-day trading, an increase of 375% from the average daily volume of 23,953 shares. The stock last traded at $134.97 and had previously closed at $136.46.

SPDR Russell 1000 Yield Focus ETF Price Performance

The stock’s 50-day moving average price is $130.21 and its 200 day moving average price is $127.52. The firm has a market cap of $670.71 million, a P/E ratio of 14.91 and a beta of 0.83.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. acquired a new position in SPDR Russell 1000 Yield Focus ETF during the third quarter valued at approximately $420,000. Allworth Financial LP increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 2,546.2% during the 3rd quarter. Allworth Financial LP now owns 11,511 shares of the company’s stock worth $1,475,000 after purchasing an additional 11,076 shares during the last quarter. Collaborative Wealth Managment Inc. increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 5.5% during the 3rd quarter. Collaborative Wealth Managment Inc. now owns 42,435 shares of the company’s stock worth $5,216,000 after purchasing an additional 2,231 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 32.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,622 shares of the company’s stock worth $814,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Horizon Wealth Management LLC grew its stake in shares of SPDR Russell 1000 Yield Focus ETF by 0.7% in the third quarter. Horizon Wealth Management LLC now owns 11,268 shares of the company’s stock valued at $1,385,000 after buying an additional 82 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.