SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 1-Year High – Here’s Why

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price reached a new 52-week high on Friday . The company traded as high as $127.22 and last traded at $127.22, with a volume of 2138 shares traded. The stock had previously closed at $125.86.

SPDR Russell 1000 Yield Focus ETF Trading Up 1.2%

The company has a market capitalization of $857.60 million, a PE ratio of 14.77 and a beta of 0.84. The stock’s 50-day moving average is $122.55 and its two-hundred day moving average is $119.52.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 4th quarter worth about $36,000. Allworth Financial LP purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 3rd quarter worth about $49,000. Orion Capital Management LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 3rd quarter worth about $62,000. Root Financial Partners LLC purchased a new stake in SPDR Russell 1000 Yield Focus ETF in the 1st quarter worth about $64,000. Finally, GPS Wealth Strategies Group LLC raised its position in SPDR Russell 1000 Yield Focus ETF by 249.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 936 shares of the company’s stock worth $106,000 after purchasing an additional 668 shares during the period.

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.