SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Reaches New 1-Year High – Here’s Why

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $127.22 and last traded at $127.22, with a volume of 2138 shares changing hands. The stock had previously closed at $125.86.

SPDR Russell 1000 Yield Focus ETF Price Performance

The firm has a market capitalization of $857.60 million, a PE ratio of 14.77 and a beta of 0.84. The company’s fifty day simple moving average is $122.68 and its 200-day simple moving average is $119.58.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the fourth quarter worth about $36,000. Allworth Financial LP purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the third quarter worth about $49,000. Orion Capital Management LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the third quarter worth about $62,000. Root Financial Partners LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the first quarter worth about $64,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 249.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 936 shares of the company’s stock worth $106,000 after buying an additional 668 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.