SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Strong Trading Volume – What’s Next?

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-high trading volume on Friday . Approximately 32,775 shares changed hands during trading, an increase of 37% from the previous session’s volume of 23,866 shares.The stock last traded at $103.15 and had previously closed at $102.62.

SPDR Russell 1000 Yield Focus ETF Price Performance

The business has a 50-day simple moving average of $106.50 and a two-hundred day simple moving average of $110.16. The stock has a market cap of $761.25 million, a price-to-earnings ratio of 14.53 and a beta of 0.99.

Institutional Trading of SPDR Russell 1000 Yield Focus ETF

Institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC bought a new position in SPDR Russell 1000 Yield Focus ETF during the 1st quarter worth $29,000. Ameriflex Group Inc. acquired a new stake in shares of SPDR Russell 1000 Yield Focus ETF in the 4th quarter valued at about $55,000. Wells Fargo & Company MN bought a new stake in shares of SPDR Russell 1000 Yield Focus ETF during the fourth quarter valued at approximately $117,000. Dynamic Advisor Solutions LLC acquired a new position in SPDR Russell 1000 Yield Focus ETF during the first quarter worth $208,000. Finally, Tower Research Capital LLC TRC increased its holdings in SPDR Russell 1000 Yield Focus ETF by 6.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the company’s stock worth $209,000 after purchasing an additional 116 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.