SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Hits New 52-Week Low – Time to Sell?

SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) reached a new 52-week low on Friday . The company traded as low as $101.22 and last traded at $100.42, with a volume of 5554 shares trading hands. The stock had previously closed at $104.65.

SPDR Russell 1000 Yield Focus ETF Price Performance

The company has a 50 day simple moving average of $110.17 and a 200-day simple moving average of $111.44. The stock has a market cap of $764.61 million, a P/E ratio of 15.76 and a beta of 1.12.

SPDR Russell 1000 Yield Focus ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a dividend of $0.7733 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Large investors have recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC boosted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,269 shares of the company’s stock valued at $356,000 after purchasing an additional 103 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of SPDR Russell 1000 Yield Focus ETF by 6.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the company’s stock worth $209,000 after buying an additional 116 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in SPDR Russell 1000 Yield Focus ETF by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,368 shares of the company’s stock valued at $258,000 after buying an additional 123 shares during the last quarter. IVC Wealth Advisors LLC boosted its position in SPDR Russell 1000 Yield Focus ETF by 4.9% during the 4th quarter. IVC Wealth Advisors LLC now owns 2,900 shares of the company’s stock valued at $316,000 after buying an additional 135 shares during the period. Finally, Precedent Wealth Partners LLC grew its holdings in SPDR Russell 1000 Yield Focus ETF by 2.1% in the 4th quarter. Precedent Wealth Partners LLC now owns 7,268 shares of the company’s stock worth $791,000 after acquiring an additional 148 shares during 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.