SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Reaches New 52-Week High – Here’s Why

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $116.10 and last traded at $116.10, with a volume of 727 shares. The stock had previously closed at $115.23.

SPDR Russell 1000 Yield Focus ETF Price Performance

The stock has a market cap of $875.54 million, a PE ratio of 12.92 and a beta of 0.85. The company has a 50 day moving average price of $112.20 and a two-hundred day moving average price of $108.57.

Institutional Investors Weigh In On SPDR Russell 1000 Yield Focus ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC grew its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 10.2% in the first quarter. Axxcess Wealth Management LLC now owns 8,767 shares of the company’s stock worth $953,000 after acquiring an additional 808 shares during the period. Cetera Investment Advisers lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 239.0% in the 1st quarter. Cetera Investment Advisers now owns 24,018 shares of the company’s stock worth $2,610,000 after purchasing an additional 16,934 shares during the period. Cetera Advisors LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF in the first quarter worth approximately $217,000. Fifth Third Securities Inc. raised its position in SPDR Russell 1000 Yield Focus ETF by 22.8% in the second quarter. Fifth Third Securities Inc. now owns 9,027 shares of the company’s stock worth $936,000 after acquiring an additional 1,678 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of SPDR Russell 1000 Yield Focus ETF during the 2nd quarter worth $401,000.

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.