SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Strong Trading Volume – Should You Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares saw unusually-high trading volume on Friday . Approximately 41,499 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 32,058 shares.The stock last traded at $105.84 and had previously closed at $105.53.

SPDR Russell 1000 Yield Focus ETF Trading Up 0.1 %

The business has a 50-day moving average price of $105.06 and a 200 day moving average price of $109.63. The company has a market cap of $797.20 million, a price-to-earnings ratio of 15.20 and a beta of 0.98.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Several hedge funds have recently modified their holdings of ONEY. Collaborative Wealth Managment Inc. boosted its stake in SPDR Russell 1000 Yield Focus ETF by 3.6% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 22,479 shares of the company’s stock worth $2,456,000 after purchasing an additional 781 shares during the period. CAP Partners LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF during the first quarter valued at $251,000. Private Advisor Group LLC raised its position in SPDR Russell 1000 Yield Focus ETF by 2.3% during the first quarter. Private Advisor Group LLC now owns 47,255 shares of the company’s stock valued at $5,162,000 after buying an additional 1,043 shares during the period. Kingsview Wealth Management LLC lifted its stake in SPDR Russell 1000 Yield Focus ETF by 17.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 35,030 shares of the company’s stock worth $3,827,000 after acquiring an additional 5,288 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its position in SPDR Russell 1000 Yield Focus ETF by 3.0% during the 1st quarter. Leavell Investment Management Inc. now owns 16,999 shares of the company’s stock worth $1,857,000 after acquiring an additional 500 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.