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

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-strong trading volume on Thursday . Approximately 20,557 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 23,124 shares.The stock last traded at $111.41 and had previously closed at $111.22.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The stock has a market capitalization of $832.72 million, a price-to-earnings ratio of 12.92 and a beta of 0.85. The business has a fifty day simple moving average of $111.42 and a 200 day simple moving average of $111.11.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of ONEY. Meriwether Wealth & Planning LLC bought a new stake in SPDR Russell 1000 Yield Focus ETF in the 4th quarter valued at about $268,000. Raymond James Financial Inc. acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the fourth quarter valued at approximately $22,351,000. Triad Wealth Partners LLC bought a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the fourth quarter valued at approximately $403,000. Steward Partners Investment Advisory LLC acquired a new stake in SPDR Russell 1000 Yield Focus ETF during the fourth quarter worth approximately $1,674,000. Finally, Jones Financial Companies Lllp increased its stake in SPDR Russell 1000 Yield Focus ETF by 794.5% during the 4th quarter. Jones Financial Companies Lllp now owns 5,340 shares of the company’s stock worth $581,000 after acquiring an additional 4,743 shares during the period.

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.