SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Shares Up 0.5% – Still a Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares shot up 0.5% on Friday . The company traded as high as $125.36 and last traded at $125.03. 56,901 shares were traded during trading, an increase of 134% from the average session volume of 24,297 shares. The stock had previously closed at $124.42.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The company has a market capitalization of $841.45 million, a price-to-earnings ratio of 14.77 and a beta of 0.84. The company’s fifty day simple moving average is $122.36 and its two-hundred day simple moving average is $118.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in SPDR Russell 1000 Yield Focus ETF by 8.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,270,103 shares of the company’s stock worth $137,039,000 after acquiring an additional 103,997 shares in the last quarter. LPL Financial LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 659,505 shares of the company’s stock worth $74,894,000 after acquiring an additional 26,009 shares in the last quarter. Kestra Investment Management LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 37.8% during the 4th quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock worth $41,284,000 after acquiring an additional 99,754 shares in the last quarter. Mariner LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 1.6% during the 4th quarter. Mariner LLC now owns 211,622 shares of the company’s stock worth $24,032,000 after acquiring an additional 3,372 shares in the last quarter. Finally, Moulton Wealth Management Inc. acquired a new position in SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth $22,545,000.

SPDR Russell 1000 Yield Focus ETF Company Profile

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.