SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Strong Trading Volume – Should You Buy?

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw an uptick in trading volume on Monday . 51,243 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 17,177 shares.The stock last traded at $115.57 and had previously closed at $114.15.

SPDR Russell 1000 Yield Focus ETF Price Performance

The stock has a market capitalization of $862.05 million, a price-to-earnings ratio of 12.92 and a beta of 0.85. The company’s 50-day simple moving average is $111.53 and its 200-day simple moving average is $108.14.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in 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 worth $1,173,000 after buying an additional 185 shares in the last quarter. Raymond James & Associates raised its stake in SPDR Russell 1000 Yield Focus ETF by 2.4% in the second quarter. Raymond James & Associates now owns 55,234 shares of the company’s stock valued at $5,730,000 after purchasing an additional 1,291 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR Russell 1000 Yield Focus ETF by 0.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 171,251 shares of the company’s stock valued at $17,765,000 after purchasing an additional 1,064 shares during the last quarter. McAdam LLC raised its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 22.5% during the 2nd quarter. McAdam LLC now owns 2,546 shares of the company’s stock worth $264,000 after buying an additional 467 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its position in shares of SPDR Russell 1000 Yield Focus ETF by 48.9% during the 2nd quarter. Essex Financial Services Inc. now owns 7,841 shares of the company’s stock worth $813,000 after buying an additional 2,575 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.