SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 52-Week High – Here’s What Happened

Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) hit a new 52-week high on Wednesday . The company traded as high as $196.45 and last traded at $196.45, with a volume of 730 shares trading hands. The stock had previously closed at $194.33.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The firm’s 50 day moving average is $188.56 and its two-hundred day moving average is $182.41. The stock has a market capitalization of $1.59 billion, a PE ratio of 22.46 and a beta of 0.83.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 94.7% during the 2nd 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. Raymond James Financial Inc. raised its position in shares of 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 worth $22,879,000 after acquiring an additional 33,967 shares in the last quarter. Two Sigma Investments LP raised its position in shares of SPDR MSCI USA StrategicFactors ETF by 164.6% during the 3rd quarter. Two Sigma Investments LP now owns 54,500 shares of the company’s stock worth $9,330,000 after acquiring an additional 33,900 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR MSCI USA StrategicFactors ETF by 7.6% during the fourth quarter. LPL Financial LLC now owns 333,050 shares of the company’s stock worth $58,012,000 after purchasing an additional 23,402 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF during the third quarter worth approximately $3,067,000.

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.