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

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) hit a new 52-week high on Monday . The stock traded as high as $125.09 and last traded at $124.22, with a volume of 35222 shares trading hands. The stock had previously closed at $122.76.

SPDR Russell 1000 Yield Focus ETF Stock Performance

The stock has a market cap of $863.78 million, a price-to-earnings ratio of 14.77 and a beta of 0.96. The business’s fifty day simple moving average is $117.65 and its 200 day simple moving average is $114.44.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Hedge funds have recently bought and sold shares of the business. Fifth Third Securities Inc. raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 1.1% in the 4th quarter. Fifth Third Securities Inc. now owns 10,574 shares of the company’s stock valued at $1,201,000 after purchasing an additional 120 shares in the last quarter. Leavell Investment Management Inc. increased its stake in shares of SPDR Russell 1000 Yield Focus ETF by 0.9% in the second quarter. Leavell Investment Management Inc. now owns 17,144 shares of the company’s stock worth $1,856,000 after buying an additional 145 shares during the last quarter. Essex Financial Services Inc. raised its holdings in SPDR Russell 1000 Yield Focus ETF by 2.1% in the fourth quarter. Essex Financial Services Inc. now owns 7,391 shares of the company’s stock valued at $839,000 after acquiring an additional 150 shares in the last quarter. World Equity Group Inc. boosted its stake in SPDR Russell 1000 Yield Focus ETF by 4.5% during the 4th quarter. World Equity Group Inc. now owns 3,764 shares of the company’s stock valued at $427,000 after acquiring an additional 163 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in SPDR Russell 1000 Yield Focus ETF by 1.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 17,182 shares of the company’s stock worth $1,965,000 after acquiring an additional 181 shares in 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.