ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) Sets New 52-Week High – Still a Buy?

Shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) hit a new 52-week high on Thursday. The company traded as high as $50.53 and last traded at $50.3360, with a volume of 3,143 shares trading hands. The stock had previously closed at $50.18.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Stock Performance

The firm’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $46.96. The company has a market cap of $823.77 million, a price-to-earnings ratio of 15.13 and a beta of 0.91.

Hedge Funds Weigh In On ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 37,615 shares of the company’s stock worth $1,645,000 after purchasing an additional 335 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,323 shares of the company’s stock worth $1,195,000 after purchasing an additional 702 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the first quarter valued at approximately $1,164,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the third quarter valued at approximately $319,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the third quarter valued at approximately $172,000.

About ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.