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

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) saw unusually-strong trading volume on Thursday . Approximately 60,665 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 57,088 shares.The stock last traded at $87.99 and had previously closed at $87.49.

SPDR MSCI EAFE StrategicFactors ETF Trading Down 0.8%

The firm has a market cap of $924.63 million, a PE ratio of 15.98 and a beta of 0.76. The business’s 50-day simple moving average is $88.38 and its 200 day simple moving average is $86.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QEFA. Foundations Investment Advisors LLC acquired a new position in SPDR MSCI EAFE StrategicFactors ETF during the 1st quarter valued at approximately $876,000. KWB Wealth lifted its position in SPDR MSCI EAFE StrategicFactors ETF by 1.1% during the 2nd quarter. KWB Wealth now owns 162,800 shares of the company’s stock worth $12,854,000 after acquiring an additional 1,838 shares during the period. Evergreen Private Wealth LLC grew its stake in SPDR MSCI EAFE StrategicFactors ETF by 5.6% during the 2nd quarter. Evergreen Private Wealth LLC now owns 103,890 shares of the company’s stock valued at $8,866,000 after purchasing an additional 5,532 shares during the last quarter. PFG Advisors increased its holdings in shares of SPDR MSCI EAFE StrategicFactors ETF by 8.8% in the first quarter. PFG Advisors now owns 23,178 shares of the company’s stock valued at $1,830,000 after purchasing an additional 1,884 shares during the period. Finally, McAdam LLC raised its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 1.2% in the second quarter. McAdam LLC now owns 12,578 shares of the company’s stock worth $1,073,000 after purchasing an additional 147 shares during the last quarter.

SPDR MSCI EAFE StrategicFactors ETF Company Profile

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality.