We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, SPDR Russell 1000 Yield Focus ETF (ONEY - Free Report) is probably on radar now. The fund just hit a 52-week high and is up around 12% from its 52-week low price of $65.47/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
ONEY in Focus
This fund offers exposure to large-cap securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high yield characteristics. It has key holdings in consumer discretionary, financial services, producer durables and utilities. The ETF charges 20 basis points in annual fees (see: all the Large Cap ETFs here).
Why the Move?
The yield corner space of the broad U.S. stock market has been an area to watch lately given the bouts of volatility that led to the worst start to September since 2008 for the Nasdaq. Yield-focused products offer safety in the form of payouts, while at the same time provide stability in the form of mature companies that are less volatile to the large swings in stock prices. These securities are the major sources of consistent income for investors to create wealth when returns from the equity market are at risk.
More Gains Ahead?
Currently, ONEY has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
High Yield ETF (ONEY) Hits New 52-Week High
For investors seeking momentum, SPDR Russell 1000 Yield Focus ETF (ONEY - Free Report) is probably on radar now. The fund just hit a 52-week high and is up around 12% from its 52-week low price of $65.47/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
ONEY in Focus
This fund offers exposure to large-cap securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high yield characteristics. It has key holdings in consumer discretionary, financial services, producer durables and utilities. The ETF charges 20 basis points in annual fees (see: all the Large Cap ETFs here).
Why the Move?
The yield corner space of the broad U.S. stock market has been an area to watch lately given the bouts of volatility that led to the worst start to September since 2008 for the Nasdaq. Yield-focused products offer safety in the form of payouts, while at the same time provide stability in the form of mature companies that are less volatile to the large swings in stock prices. These securities are the major sources of consistent income for investors to create wealth when returns from the equity market are at risk.
More Gains Ahead?
Currently, ONEY has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>