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

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

SPDR Russell 1000 Yield Focus ETF Stock Up 0.8%

The stock has a market cap of $743.56 million, a PE ratio of 14.77 and a beta of 0.83. The business’s fifty day moving average is $127.56 and its 200 day moving average is $123.12.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth approximately $36,000. Allworth Financial LP purchased a new position in SPDR Russell 1000 Yield Focus ETF in the 3rd quarter valued at approximately $49,000. Root Financial Partners LLC purchased a new position in SPDR Russell 1000 Yield Focus ETF in the 1st quarter valued at approximately $64,000. Garton & Associates Financial Advisors LLC acquired a new position in SPDR Russell 1000 Yield Focus ETF during the fourth quarter worth $137,000. Finally, Royal Bank of Canada raised its holdings in SPDR Russell 1000 Yield Focus ETF by 18.4% during the first quarter. Royal Bank of Canada now owns 1,504 shares of the company’s stock worth $181,000 after purchasing an additional 234 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.