SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 12-Month High – Still a Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $163.33 and last traded at $163.33, with a volume of 1345 shares changing hands. The stock had previously closed at $161.92.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.6 %

The firm’s fifty day moving average price is $158.40 and its 200 day moving average price is $152.34. The firm has a market capitalization of $1.42 billion, a PE ratio of 25.12 and a beta of 0.83.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of institutional investors and hedge funds have recently bought and sold shares of QUS. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 4,768.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,252 shares of the company’s stock valued at $18,026,000 after purchasing an additional 119,741 shares during the period. Raymond James & Associates grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 99.6% during the 3rd quarter. Raymond James & Associates now owns 143,217 shares of the company’s stock worth $22,564,000 after buying an additional 71,474 shares during the period. Eagle Strategies LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 2nd quarter valued at about $9,399,000. Sharkey Howes & Javer acquired a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at approximately $6,147,000. Finally, Janney Montgomery Scott LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter worth approximately $4,943,000.

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.