ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Sets New 12-Month High – Here’s Why

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s share price reached a new 52-week high on Monday . The stock traded as high as $60.51 and last traded at $60.51, with a volume of 2354 shares trading hands. The stock had previously closed at $59.67.

ALPS O’Shares U.S. Quality Dividend ETF Stock Performance

The stock has a market cap of $925.91 million, a P/E ratio of 22.27 and a beta of 0.80. The firm’s 50 day moving average is $58.90 and its 200 day moving average is $58.17.

Institutional Trading of ALPS O’Shares U.S. Quality Dividend ETF

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in ALPS O’Shares U.S. Quality Dividend ETF by 2.5% during the third quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock worth $26,450,000 after buying an additional 11,355 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in ALPS O’Shares U.S. Quality Dividend ETF by 126.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after purchasing an additional 73,618 shares during the period. Janney Montgomery Scott LLC lifted its stake in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after purchasing an additional 1,722 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the first quarter worth $850,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the second quarter valued at $120,000.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.