SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 1-Year High – Time to Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) hit a new 52-week high during trading on Thursday. The company traded as high as $196.45 and last traded at $196.1540, with a volume of 7,487 shares. The stock had previously closed at $194.81.

SPDR MSCI USA StrategicFactors ETF Price Performance

The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83. The business’s 50-day moving average price is $193.50 and its two-hundred day moving average price is $187.08.

Institutional Trading of SPDR MSCI USA StrategicFactors ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Midwest Financial Network LLC lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 81.3% during the 1st quarter. Midwest Financial Network LLC now owns 21,689 shares of the company’s stock worth $3,723,000 after purchasing an additional 9,725 shares during the period. Marotta Asset Management grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 16.0% in the first quarter. Marotta Asset Management now owns 66,803 shares of the company’s stock valued at $11,507,000 after purchasing an additional 9,232 shares during the period. Nwam LLC increased its stake in SPDR MSCI USA StrategicFactors ETF by 171.0% in the first quarter. Nwam LLC now owns 10,278 shares of the company’s stock valued at $1,764,000 after purchasing an additional 6,486 shares during the last quarter. Spinnaker Investment Group LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF in the second quarter valued at $760,000. Finally, Rockland Trust Co. acquired a new position in SPDR MSCI USA StrategicFactors ETF in the third quarter valued at $713,000.

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.