SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Large Volume Increase – Still a Buy?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) shares saw unusually-high trading volume on Wednesday . 11,950 shares changed hands during mid-day trading, a decline of 46% from the previous session’s volume of 22,104 shares.The stock last traded at $112.28 and had previously closed at $111.88.

SPDR Russell 1000 Yield Focus ETF Stock Down 0.8 %

The business’s 50 day simple moving average is $112.25 and its two-hundred day simple moving average is $110.70. The stock has a market cap of $843.58 million, a P/E ratio of 12.92 and a beta of 0.85.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its stake in shares of SPDR Russell 1000 Yield Focus ETF by 1.8% during the third quarter. Global Retirement Partners LLC now owns 10,460 shares of the company’s stock valued at $1,173,000 after acquiring an additional 185 shares during the last quarter. Creative Planning grew its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 1.1% during the second quarter. Creative Planning now owns 249,144 shares of the company’s stock valued at $25,846,000 after buying an additional 2,665 shares during the last quarter. World Equity Group Inc. increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 21.2% during the third quarter. World Equity Group Inc. now owns 3,058 shares of the company’s stock worth $343,000 after acquiring an additional 534 shares in the last quarter. Creekside Partners acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the 2nd quarter worth about $592,000. Finally, FMA Wealth Management LLC lifted its position in SPDR Russell 1000 Yield Focus ETF by 194.2% in the 3rd quarter. FMA Wealth Management LLC now owns 36,149 shares of the company’s stock valued at $4,054,000 after acquiring an additional 23,861 shares in the last quarter.

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.