ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Sets New 1-Year High – Still a Buy?

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) shares hit a new 52-week high during trading on Tuesday. The company traded as high as $62.79 and last traded at $62.8110, with a volume of 16,033 shares. The stock had previously closed at $62.18.

ALPS O’Shares U.S. Quality Dividend ETF Stock Performance

The company has a 50-day moving average of $61.17 and a 200 day moving average of $59.48. The firm has a market cap of $737.38 million, a P/E ratio of 22.27 and a beta of 0.74.

Institutional Trading of ALPS O’Shares U.S. Quality Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the 3rd quarter worth about $578,000. Allied Private Wealth LLC acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 2nd quarter worth approximately $120,000. Ascentis Independent Advisors acquired a new position in ALPS O’Shares U.S. Quality Dividend ETF in the first quarter valued at approximately $850,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after purchasing an additional 1,722 shares during the period.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.