SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 1-Year High – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $189.83 and last traded at $189.83, with a volume of 817 shares changing hands. The stock had previously closed at $188.28.

SPDR MSCI USA StrategicFactors ETF Stock Up 0.9%

The business has a fifty day moving average price of $186.13 and a 200 day moving average price of $180.58. The company has a market capitalization of $1.54 billion, a P/E ratio of 22.46 and a beta of 0.83.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUS. Spinnaker Investment Group LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF during the second quarter valued at approximately $760,000. Midwest Financial Network LLC boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 17.3% during the 2nd quarter. Midwest Financial Network LLC now owns 25,439 shares of the company’s stock worth $4,754,000 after buying an additional 3,750 shares during the period. Paul R. Ried Financial Group LLC grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 3.4% in the second quarter. Paul R. Ried Financial Group LLC now owns 76,485 shares of the company’s stock valued at $14,292,000 after purchasing an additional 2,491 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF during the first quarter worth approximately $173,000. Finally, NewEdge Advisors LLC lifted its holdings in SPDR MSCI USA StrategicFactors ETF by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 37,355 shares of the company’s stock worth $6,412,000 after purchasing an additional 823 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.