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

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw an uptick in trading volume on Friday . 124,901 shares changed hands during trading, an increase of 361% from the previous session’s volume of 27,094 shares.The stock last traded at $111.6940 and had previously closed at $110.49.

SPDR Russell 1000 Yield Focus ETF Trading Up 1.2%

The company has a market capitalization of $818.38 million, a PE ratio of 14.77 and a beta of 0.96. The stock has a fifty day moving average of $113.12 and a two-hundred day moving average of $110.43.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Institutional investors have recently made changes to their positions in the business. Venture Visionary Partners LLC raised its holdings in SPDR Russell 1000 Yield Focus ETF by 1.5% in the first quarter. Venture Visionary Partners LLC now owns 8,696 shares of the company’s stock worth $950,000 after purchasing an additional 131 shares in the last quarter. Leavell Investment Management Inc. lifted its position in 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 valued at $1,856,000 after acquiring an additional 145 shares during the period. Valmark Advisers Inc. boosted its stake in SPDR Russell 1000 Yield Focus ETF by 7.2% during the second quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock worth $262,000 after acquiring an additional 163 shares in the last quarter. Capital Analysts LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 2.2% in the first quarter. Capital Analysts LLC now owns 8,608 shares of the company’s stock worth $940,000 after purchasing an additional 187 shares during the period. Finally, World Equity Group Inc. increased its stake in shares of SPDR Russell 1000 Yield Focus ETF by 5.5% during the third quarter. World Equity Group Inc. now owns 3,601 shares of the company’s stock valued at $407,000 after purchasing an additional 188 shares in the last quarter.

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.