ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Hits New 1-Year High – Time to Buy?

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.90 and last traded at $59.90, with a volume of 13685 shares changing hands. The stock had previously closed at $58.83.

ALPS O’Shares U.S. Quality Dividend ETF Price Performance

The stock has a 50-day simple moving average of $58.18 and a 200-day simple moving average of $57.95. The stock has a market cap of $903.29 million, a P/E ratio of 22.27 and a beta of 0.80.

Institutional Investors Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in ALPS O’Shares U.S. Quality Dividend ETF by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock worth $26,450,000 after purchasing an additional 11,355 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in ALPS O’Shares U.S. Quality Dividend ETF by 126.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after buying an additional 73,618 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after buying an additional 1,722 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the first quarter worth $850,000. Finally, USA Financial Formulas increased its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 3.2% during the fourth quarter. USA Financial Formulas now owns 12,493 shares of the company’s stock worth $721,000 after buying an additional 388 shares in the last quarter.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.