SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sets New 1-Year High – Still a Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $121.85 and last traded at $121.5540, with a volume of 4368 shares changing hands. The stock had previously closed at $120.11.

SPDR Russell 1000 Yield Focus ETF Price Performance

The stock’s 50-day moving average price is $116.98 and its 200 day moving average price is $114.14. The firm has a market capitalization of $844.59 million, a PE ratio of 14.77 and a beta of 0.96.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Several large investors have recently modified their holdings of ONEY. Jane Street Group LLC bought a new position in shares of SPDR Russell 1000 Yield Focus ETF during the first quarter valued at approximately $271,000. Valmark Advisers Inc. boosted its position in SPDR Russell 1000 Yield Focus ETF by 7.2% during the 2nd quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock valued at $262,000 after acquiring an additional 163 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the 2nd quarter valued at $217,000. Leavell Investment Management Inc. lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 0.9% during the 2nd quarter. Leavell Investment Management Inc. now owns 17,144 shares of the company’s stock worth $1,856,000 after purchasing an additional 145 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 14.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,776 shares of the company’s stock worth $6,255,000 after purchasing an additional 7,349 shares during 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.