Harbor Investment Advisory LLC Reduces Position in SPDR MSCI USA StrategicFactors ETF $QUS

Harbor Investment Advisory LLC trimmed its holdings in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) by 37.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,435 shares of the company’s stock after selling 5,049 shares during the quarter. Harbor Investment Advisory LLC’s holdings in SPDR MSCI USA StrategicFactors ETF were worth $1,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake 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 worth $64,390,000 after buying an additional 192,062 shares in the last quarter. BIP Wealth LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the 4th quarter valued at about $18,907,000. Howard Capital Management Inc. grew its stake in SPDR MSCI USA StrategicFactors ETF by 85.0% during the 4th quarter. Howard Capital Management Inc. now owns 119,933 shares of the company’s stock valued at $20,890,000 after acquiring an additional 55,112 shares in the last quarter. Raymond James Financial Inc. raised its holdings in SPDR MSCI USA StrategicFactors ETF by 31.9% in the 2nd quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock valued at $22,879,000 after acquiring an additional 33,967 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in SPDR MSCI USA StrategicFactors ETF by 164.6% in the 3rd quarter. Two Sigma Investments LP now owns 54,500 shares of the company’s stock valued at $9,330,000 after acquiring an additional 33,900 shares during the last quarter.

SPDR MSCI USA StrategicFactors ETF Price Performance

QUS opened at $193.67 on Thursday. The company’s 50 day simple moving average is $186.85 and its two-hundred day simple moving average is $181.26. SPDR MSCI USA StrategicFactors ETF has a 1-year low of $162.20 and a 1-year high of $194.48. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83.

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.