Elevation Capital Advisory LLC Buys New Position in SPDR MSCI USA StrategicFactors ETF $QUS

Elevation Capital Advisory LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,557 shares of the company’s stock, valued at approximately $8,661,000. SPDR MSCI USA StrategicFactors ETF comprises about 3.4% of Elevation Capital Advisory LLC’s holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marotta Asset Management lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 9.7% during the 3rd quarter. Marotta Asset Management now owns 93,212 shares of the company’s stock worth $17,721,000 after acquiring an additional 8,247 shares during the last quarter. Versant Capital Management Inc grew its position in SPDR MSCI USA StrategicFactors ETF by 26.2% in the 3rd quarter. Versant Capital Management Inc now owns 14,985 shares of the company’s stock valued at $2,849,000 after acquiring an additional 3,112 shares during the last quarter. Rockland Trust Co. bought a new position in SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at $713,000. Spinnaker Investment Group LLC bought a new position in SPDR MSCI USA StrategicFactors ETF in the 2nd quarter valued at $760,000. Finally, Sharkey Howes & Javer purchased a new stake in SPDR MSCI USA StrategicFactors ETF in the third quarter worth $2,788,000.

SPDR MSCI USA StrategicFactors ETF Stock Down 0.6%

QUS stock opened at $196.20 on Friday. SPDR MSCI USA StrategicFactors ETF has a twelve month low of $167.85 and a twelve month high of $197.64. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83. The business’s fifty day simple moving average is $193.91 and its two-hundred day simple moving average is $185.10.

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.