SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 1-Year High – Here’s Why

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) shares hit a new 52-week high on Wednesday . The company traded as high as $186.78 and last traded at $186.56, with a volume of 18469 shares trading hands. The stock had previously closed at $186.39.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.1%

The firm has a market capitalization of $1.52 billion, a PE ratio of 22.46 and a beta of 0.84. The business’s 50 day simple moving average is $178.30 and its two-hundred day simple moving average is $176.57.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Hedge funds have recently added to or reduced their stakes in the stock. MMA Asset Management LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at $29,000. Cornerstone Planning Group LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at $38,000. Northwestern Mutual Wealth Management Co. purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at $40,000. Triumph Capital Management purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at $54,000. Finally, Empowered Funds LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the 4th quarter valued at $94,000.

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.