SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Strong Trading Volume – What’s Next?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-high trading volume on Wednesday . Approximately 27,855 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 21,229 shares.The stock last traded at $112.27 and had previously closed at $112.02.

SPDR Russell 1000 Yield Focus ETF Stock Down 0.8 %

The stock has a market capitalization of $842.07 million, a PE ratio of 12.92 and a beta of 0.85. The firm’s fifty day moving average price is $112.00 and its two-hundred day moving average price is $111.01.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Several institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC increased its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 10,847.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 840,577 shares of the company’s stock worth $91,508,000 after buying an additional 832,899 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the 4th quarter worth $12,118,000. FMA Wealth Management LLC raised its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 194.2% in the 3rd quarter. FMA Wealth Management LLC now owns 36,149 shares of the company’s stock valued at $4,054,000 after purchasing an additional 23,861 shares in the last quarter. Bonfire Financial bought a new stake in SPDR Russell 1000 Yield Focus ETF during the 4th quarter valued at $1,830,000. Finally, Creative Planning grew its stake in SPDR Russell 1000 Yield Focus ETF by 3.1% in the third quarter. Creative Planning now owns 256,939 shares of the company’s stock valued at $28,818,000 after purchasing an additional 7,795 shares during 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.