SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sees Large Volume Increase – Here’s Why

Shares of SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) saw unusually-high trading volume on Monday . Approximately 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 business’s 50-day simple moving average is $111.53 and its two-hundred day simple moving average is $108.14. The stock has a market cap of $862.05 million, a price-to-earnings ratio of 12.92 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ONEY. Kingsview Wealth Management LLC lifted its stake in shares of SPDR Russell 1000 Yield Focus ETF by 20.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 26,333 shares of the company’s stock valued at $2,954,000 after purchasing an additional 4,495 shares during the period. Axxcess Wealth Management LLC lifted its stake in SPDR Russell 1000 Yield Focus ETF by 6.0% in the third quarter. Axxcess Wealth Management LLC now owns 10,257 shares of the company’s stock valued at $1,150,000 after buying an additional 582 shares during the period. Leavell Investment Management Inc. boosted its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 3.5% during the 3rd quarter. Leavell Investment Management Inc. now owns 16,050 shares of the company’s stock worth $1,800,000 after buying an additional 550 shares in the last quarter. World Equity Group Inc. grew 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 buying an additional 534 shares during the period. Finally, Indie Asset Partners LLC increased its stake in shares of 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.

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.