SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) Sets New 1-Year Low – Should You Sell?

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

SPDR Russell 1000 Yield Focus ETF Trading Down 5.1 %

The company has a market capitalization of $764.61 million, a P/E ratio of 15.76 and a beta of 1.12. The business has a 50 day moving average price of $110.17 and a 200 day moving average price of $111.44.

SPDR Russell 1000 Yield Focus ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a $0.7733 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR Russell 1000 Yield Focus ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Horizon Wealth Management LLC raised its stake in SPDR Russell 1000 Yield Focus ETF by 19.7% during the 4th quarter. Horizon Wealth Management LLC now owns 13,683 shares of the company’s stock worth $1,490,000 after buying an additional 2,255 shares during the period. RDA Financial Network increased its holdings in shares of SPDR Russell 1000 Yield Focus ETF by 14.5% in the fourth quarter. RDA Financial Network now owns 2,176 shares of the company’s stock worth $237,000 after acquiring an additional 275 shares in the last quarter. IVC Wealth Advisors LLC raised its position in shares of SPDR Russell 1000 Yield Focus ETF by 4.9% during the fourth quarter. IVC Wealth Advisors LLC now owns 2,900 shares of the company’s stock worth $316,000 after purchasing an additional 135 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of SPDR Russell 1000 Yield Focus ETF during the 4th quarter valued at about $221,000. Finally, Precedent Wealth Partners LLC grew its position in shares of 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 valued at $791,000 after purchasing an additional 148 shares during the period.

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.