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

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $128.38 and last traded at $127.85, with a volume of 8946 shares changing hands. The stock had previously closed at $127.76.

SPDR Russell 1000 Yield Focus ETF Price Performance

The firm’s 50-day moving average is $123.48 and its 200-day moving average is $120.17. The company has a market capitalization of $861.31 million, a P/E ratio of 14.77 and a beta of 0.84.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 1,270,103 shares of the company’s stock worth $137,039,000 after purchasing an additional 103,997 shares during the period. LPL Financial LLC boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 659,505 shares of the company’s stock worth $74,894,000 after purchasing an additional 26,009 shares during the period. Kestra Investment Management LLC boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 37.8% in the fourth quarter. Kestra Investment Management LLC now owns 363,542 shares of the company’s stock worth $41,284,000 after purchasing an additional 99,754 shares during the period. Mariner LLC boosted its position in shares of SPDR Russell 1000 Yield Focus ETF by 1.6% in the fourth quarter. Mariner LLC now owns 211,622 shares of the company’s stock worth $24,032,000 after purchasing an additional 3,372 shares during the period. Finally, Moulton Wealth Management Inc. bought a new position in shares of SPDR Russell 1000 Yield Focus ETF in the fourth quarter worth approximately $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.