SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 1-Year High – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s share price reached a new 52-week high on Monday . The company traded as high as $187.35 and last traded at $187.35, with a volume of 2161 shares. The stock had previously closed at $185.35.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The business has a 50-day simple moving average of $182.50 and a 200 day simple moving average of $178.11. The firm has a market cap of $1.50 billion, a P/E ratio of 22.46 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QUS. Empowered Funds LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the 1st quarter valued at approximately $275,000. NewEdge Advisors LLC raised its position in SPDR MSCI USA StrategicFactors ETF by 7.1% during the 2nd quarter. NewEdge Advisors LLC now owns 36,337 shares of the company’s stock valued at $5,926,000 after purchasing an additional 2,405 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR MSCI USA StrategicFactors ETF by 31.9% during the 2nd quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock valued at $22,879,000 after purchasing an additional 33,967 shares during the last quarter. Ameriprise Financial Inc. raised its position in SPDR MSCI USA StrategicFactors ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock valued at $29,401,000 after purchasing an additional 11,667 shares during the last quarter. Finally, Bank of America Corp DE raised its position in SPDR MSCI USA StrategicFactors ETF by 94.7% during the 2nd quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after purchasing an additional 192,062 shares during the last quarter.

SPDR MSCI USA StrategicFactors ETF Company Profile

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.