SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Reaches New 52-Week High – Should You Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $132.06 and last traded at $131.88, with a volume of 3804 shares. The stock had previously closed at $130.07.

SPDR Russell 1000 Yield Focus ETF Price Performance

The stock’s 50-day moving average is $127.56 and its 200 day moving average is $123.12. The stock has a market cap of $743.56 million, a price-to-earnings ratio of 14.77 and a beta of 0.83.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Several hedge funds have recently modified their holdings of ONEY. Sound Income Strategies LLC acquired a new position in SPDR Russell 1000 Yield Focus ETF during the fourth quarter worth $36,000. Allworth Financial LP purchased a new position in SPDR Russell 1000 Yield Focus ETF in the third quarter worth $49,000. Root Financial Partners LLC acquired a new stake in SPDR Russell 1000 Yield Focus ETF in the first quarter valued at $64,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth $137,000. Finally, Royal Bank of Canada boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 18.4% during the 1st quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock worth $181,000 after purchasing an additional 234 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.