SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Large Volume Increase – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw unusually-strong trading volume on Monday . Approximately 37,492 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 26,741 shares.The stock last traded at $174.5160 and had previously closed at $174.67.

SPDR MSCI USA StrategicFactors ETF Price Performance

The stock has a market cap of $1.55 billion, a P/E ratio of 22.46 and a beta of 0.89. The stock’s 50-day moving average is $171.93 and its two-hundred day moving average is $167.15.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 192,062 shares in the last quarter. Presper Financial Architects LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the second quarter valued at $29,147,000. Great Point Wealth Advisors LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter valued at $15,220,000. Focus Partners Wealth grew its stake in shares of 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 worth $352,923,000 after buying an additional 74,333 shares in the last quarter. Finally, Goodman Advisory Group LLC increased its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 7,076.6% in the 2nd quarter. Goodman Advisory Group LLC now owns 47,222 shares of the company’s stock worth $7,702,000 after buying an additional 46,564 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.