SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Reaches New 52-Week High – Here’s Why

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as $137.72 and last traded at $137.6190, with a volume of 3,439 shares. The stock had previously closed at $134.69.

SPDR Russell 1000 Yield Focus ETF Stock Up 2.3%

The stock has a market capitalization of $686.35 million, a P/E ratio of 14.77 and a beta of 0.83. The company has a fifty day simple moving average of $130.17 and a two-hundred day simple moving average of $127.27.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Institutional investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in SPDR Russell 1000 Yield Focus ETF during the 1st quarter worth approximately $64,000. Continuum Advisory LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the second quarter valued at approximately $137,000. Royal Bank of Canada lifted its stake in SPDR Russell 1000 Yield Focus ETF by 18.4% in the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock valued at $181,000 after buying an additional 234 shares in the last quarter. Rodgers & Associates LTD acquired a new position in shares of SPDR Russell 1000 Yield Focus ETF in the second quarter valued at approximately $210,000. Finally, RDA Financial Network boosted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 8.2% in the second quarter. RDA Financial Network now owns 2,037 shares of the company’s stock valued at $261,000 after buying an additional 155 shares during the period.

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.