Spinnaker Investment Group LLC Invests $760,000 in SPDR MSCI USA StrategicFactors ETF $QUS

Spinnaker Investment Group LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,068 shares of the company’s stock, valued at approximately $760,000.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of SPDR MSCI USA StrategicFactors ETF during the 1st quarter valued at $275,000. NewEdge Advisors LLC grew its position in SPDR MSCI USA StrategicFactors ETF by 7.1% in the 2nd quarter. NewEdge Advisors LLC now owns 36,337 shares of the company’s stock valued at $5,926,000 after purchasing an additional 2,405 shares during the period. Raymond James Financial Inc. increased its stake in SPDR MSCI USA StrategicFactors ETF by 31.9% during the 2nd quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock valued at $22,879,000 after purchasing an additional 33,967 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in SPDR MSCI USA StrategicFactors ETF by 6.9% during the second quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock worth $29,401,000 after buying an additional 11,667 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of SPDR MSCI USA StrategicFactors ETF by 94.7% during the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock worth $64,390,000 after acquiring an additional 192,062 shares in the last quarter.

SPDR MSCI USA StrategicFactors ETF Price Performance

QUS opened at $195.00 on Tuesday. SPDR MSCI USA StrategicFactors ETF has a fifty-two week low of $163.18 and a fifty-two week high of $195.34. The firm has a market capitalization of $1.58 billion, a PE ratio of 22.46 and a beta of 0.83. The company’s 50-day moving average is $187.33 and its 200 day moving average is $181.65.

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.