ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Hits New 12-Month High – Here’s Why

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s share price reached a new 52-week high on Friday . The company traded as high as $60.51 and last traded at $60.37, with a volume of 2989 shares. The stock had previously closed at $60.24.

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

The stock’s fifty day moving average is $58.57 and its 200 day moving average is $58.06. The stock has a market cap of $905.40 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

Several institutional investors have recently modified their holdings of OUSA. Allied Private Wealth LLC purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 2nd quarter worth approximately $120,000. Ascentis Independent Advisors purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the 1st quarter valued at $850,000. Janney Montgomery Scott LLC lifted its position in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% in 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. Thurston Springer Miller Herd & Titak Inc. lifted 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 worth $7,597,000 after buying an additional 73,618 shares during the last quarter. Finally, USA Financial Formulas boosted its stake in 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 during the period.

About ALPS O’Shares U.S. Quality Dividend ETF

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.