SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 12-Month High – Time to Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares reached a new 52-week high during trading on Thursday . The company traded as high as $510.86 and last traded at $113.2450, with a volume of 126 shares trading hands. The stock had previously closed at $112.97.

SPDR Russell 1000 Yield Focus ETF Stock Up 0.3%

The firm has a market capitalization of $829.67 million, a P/E ratio of 14.77 and a beta of 0.96. The business’s 50-day simple moving average is $112.93 and its 200 day simple moving average is $110.77.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ONEY. CWM LLC boosted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 125.2% during the 3rd quarter. CWM LLC now owns 491 shares of the company’s stock valued at $56,000 after buying an additional 273 shares in the last quarter. Orion Capital Management LLC bought a new position in SPDR Russell 1000 Yield Focus ETF in the 3rd quarter worth about $62,000. 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. RDA Financial Network purchased a new stake in SPDR Russell 1000 Yield Focus ETF during the 3rd quarter valued at $202,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the second quarter valued at $217,000.

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.