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 strong trading volume on Wednesday . 11,950 shares were traded during 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 Up 0.4 %

The firm has a market capitalization of $845.76 million, a PE ratio of 12.92 and a beta of 0.85. The business’s fifty day moving average price is $112.20 and its 200 day moving average price is $110.71.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Creative Planning grew its holdings in SPDR Russell 1000 Yield Focus ETF by 3.1% in the third quarter. Creative Planning now owns 256,939 shares of the company’s stock valued at $28,818,000 after purchasing an additional 7,795 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 2nd quarter valued at $15,176,000. Lebenthal Global Advisors LLC acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter worth $12,118,000. Raymond James & Associates raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 1.6% in the 3rd quarter. Raymond James & Associates now owns 56,119 shares of the company’s stock worth $6,294,000 after buying an additional 885 shares during the period. Finally, Pallas Capital Advisors LLC raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 3.0% in the 3rd quarter. Pallas Capital Advisors LLC now owns 37,062 shares of the company’s stock worth $4,133,000 after buying an additional 1,090 shares during the period.

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.