Raymond James Financial Inc. Makes New $22.88 Million Investment in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)

Raymond James Financial Inc. purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 147,756 shares of the company’s stock, valued at approximately $22,880,000. Raymond James Financial Inc. owned 1.69% of SPDR MSCI USA StrategicFactors ETF as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Princeton Global Asset Management LLC increased its holdings in SPDR MSCI USA StrategicFactors ETF by 0.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 10,957 shares of the company’s stock valued at $1,697,000 after purchasing an additional 77 shares in the last quarter. Riverpoint Wealth Management Holdings LLC raised its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 0.9% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 9,649 shares of the company’s stock valued at $1,494,000 after buying an additional 82 shares during the period. Lbmc Investment Advisors LLC boosted its holdings in SPDR MSCI USA StrategicFactors ETF by 0.7% in the 4th quarter. Lbmc Investment Advisors LLC now owns 12,305 shares of the company’s stock worth $1,905,000 after acquiring an additional 86 shares during the period. Sentinel Pension Advisors Inc. grew its position in SPDR MSCI USA StrategicFactors ETF by 1.1% in the fourth quarter. Sentinel Pension Advisors Inc. now owns 9,124 shares of the company’s stock valued at $1,413,000 after acquiring an additional 100 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of SPDR MSCI USA StrategicFactors ETF by 40.0% during the fourth quarter. Harbour Investments Inc. now owns 350 shares of the company’s stock valued at $54,000 after purchasing an additional 100 shares during the period.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.3 %

Shares of QUS stock opened at $148.66 on Friday. The firm has a fifty day simple moving average of $155.59 and a 200-day simple moving average of $157.93. The company has a market capitalization of $1.39 billion, a PE ratio of 22.32 and a beta of 0.89. SPDR MSCI USA StrategicFactors ETF has a twelve month low of $137.58 and a twelve month high of $164.23.

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.