SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Reaches New 1-Year High – Still a Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) reached a new 52-week high on Thursday . The company traded as high as $174.68 and last traded at $174.6190, with a volume of 9132 shares traded. The stock had previously closed at $173.29.

SPDR MSCI USA StrategicFactors ETF Price Performance

The stock has a 50 day simple moving average of $171.83 and a two-hundred day simple moving average of $166.86. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 22.46 and a beta of 0.89.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Wealth boosted its holdings in SPDR MSCI USA StrategicFactors ETF by 3.7% in the 3rd quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock valued at $352,923,000 after purchasing an additional 74,333 shares during the last quarter. Sfmg LLC raised its position in shares of SPDR MSCI USA StrategicFactors ETF by 0.4% during the 2nd quarter. Sfmg LLC now owns 519,412 shares of the company’s stock valued at $84,711,000 after buying an additional 2,122 shares during the period. Bank of America Corp DE lifted its holdings in SPDR MSCI USA StrategicFactors ETF by 94.7% in the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after acquiring an additional 192,062 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SPDR MSCI USA StrategicFactors ETF by 11.1% in the second quarter. Envestnet Asset Management Inc. now owns 376,207 shares of the company’s stock worth $61,356,000 after acquiring an additional 37,625 shares during the period. Finally, Perennial Investment Advisors LLC increased its stake in SPDR MSCI USA StrategicFactors ETF by 8.1% during the third quarter. Perennial Investment Advisors LLC now owns 264,000 shares of the company’s stock worth $45,197,000 after acquiring an additional 19,827 shares during the last quarter.

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.