SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw unusually-high trading volume on Tuesday . Approximately 19,958 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 26,839 shares.The stock last traded at $175.0210 and had previously closed at $173.97.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.4%

The company has a market cap of $1.56 billion, a price-to-earnings ratio of 22.46 and a beta of 0.89. The company has a fifty day moving average price of $172.47 and a two-hundred day moving average price of $167.95.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Hedge funds have recently made changes to their positions in the business. Focus Partners Wealth increased its stake in SPDR MSCI USA StrategicFactors ETF by 3.7% in the third quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock valued at $352,923,000 after acquiring an additional 74,333 shares during the period. Sfmg LLC boosted its holdings in SPDR MSCI USA StrategicFactors ETF by 0.4% during the second quarter. Sfmg LLC now owns 519,412 shares of the company’s stock valued at $84,711,000 after purchasing an additional 2,122 shares in the last quarter. Bank of America Corp DE boosted its holdings in SPDR MSCI USA StrategicFactors ETF by 94.7% during the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after purchasing an additional 192,062 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR MSCI USA StrategicFactors ETF by 11.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 376,207 shares of the company’s stock valued at $61,356,000 after purchasing an additional 37,625 shares during the period. Finally, Perennial Investment Advisors LLC grew its stake in shares of SPDR MSCI USA StrategicFactors ETF by 8.1% in the 3rd quarter. Perennial Investment Advisors LLC now owns 264,000 shares of the company’s stock valued at $45,197,000 after purchasing an additional 19,827 shares during the period.

About SPDR MSCI USA StrategicFactors ETF

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.