SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 52-Week High – Time to Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $188.92 and last traded at $188.74, with a volume of 14068 shares. The stock had previously closed at $188.53.

SPDR MSCI USA StrategicFactors ETF Trading Down 0.7%

The stock’s 50-day moving average price is $184.73 and its 200-day moving average price is $179.42. The company has a market capitalization of $1.53 billion, a P/E ratio of 22.46 and a beta of 0.83.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of QUS. Riverpoint Wealth Management Holdings LLC raised its position in shares of SPDR MSCI USA StrategicFactors ETF by 0.8% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 8,771 shares of the company’s stock worth $1,528,000 after purchasing an additional 71 shares during the period. Kestra Advisory Services LLC boosted its position in SPDR MSCI USA StrategicFactors ETF by 0.4% during the 4th quarter. Kestra Advisory Services LLC now owns 17,690 shares of the company’s stock valued at $3,081,000 after purchasing an additional 76 shares during the period. Lbmc Investment Advisors LLC grew its stake in SPDR MSCI USA StrategicFactors ETF by 0.7% during the 4th quarter. Lbmc Investment Advisors LLC now owns 12,449 shares of the company’s stock worth $2,168,000 after buying an additional 82 shares during the last quarter. Harbor Investment Advisory LLC increased its position in SPDR MSCI USA StrategicFactors ETF by 0.9% in the first quarter. Harbor Investment Advisory LLC now owns 13,484 shares of the company’s stock worth $2,314,000 after buying an additional 115 shares during the period. Finally, Apollon Financial LLC increased its position in SPDR MSCI USA StrategicFactors ETF by 3.6% in the fourth quarter. Apollon Financial LLC now owns 4,350 shares of the company’s stock worth $758,000 after buying an additional 150 shares during the period.

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.