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

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw an uptick in trading volume on Wednesday . 27,855 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 21,229 shares.The stock last traded at $112.27 and had previously closed at $112.02.

SPDR Russell 1000 Yield Focus ETF Trading Down 0.3 %

The business’s fifty day simple moving average is $112.09 and its two-hundred day simple moving average is $110.99. The stock has a market capitalization of $842.37 million, a P/E ratio of 12.92 and a beta of 0.85.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ONEY. Global Retirement Partners LLC increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 1.8% during the 3rd quarter. Global Retirement Partners LLC now owns 10,460 shares of the company’s stock worth $1,173,000 after purchasing an additional 185 shares in the last quarter. World Equity Group Inc. increased its position in shares of SPDR Russell 1000 Yield Focus ETF by 21.2% during the 3rd quarter. World Equity Group Inc. now owns 3,058 shares of the company’s stock worth $343,000 after purchasing an additional 534 shares in the last quarter. Creekside Partners acquired a new stake in SPDR Russell 1000 Yield Focus ETF in the 2nd quarter valued at about $592,000. FMA Wealth Management LLC increased 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. Finally, Indie Asset Partners LLC increased its position in SPDR Russell 1000 Yield Focus ETF by 16.0% in the 3rd quarter. Indie Asset Partners LLC now owns 3,846 shares of the company’s stock valued at $431,000 after acquiring an additional 530 shares in the last quarter.

About SPDR Russell 1000 Yield Focus ETF

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.