ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Sets New 52-Week High – Time to Buy?

Shares of ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $65.68 and last traded at $65.2760, with a volume of 3,742 shares trading hands. The stock had previously closed at $63.14.

ALPS O’Shares U.S. Quality Dividend ETF Stock Down 1.4%

The company’s 50-day moving average is $61.42 and its 200 day moving average is $59.33. The company has a market cap of $750.92 million, a price-to-earnings ratio of 22.27 and a beta of 0.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new position in ALPS O’Shares U.S. Quality Dividend ETF during the first quarter valued at $850,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the third quarter valued at approximately $578,000. Wedbush Securities Inc. acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter worth $539,000. Kingswood Wealth Advisors LLC purchased a new position in ALPS O’Shares U.S. Quality Dividend ETF during the third quarter worth about $295,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 2nd quarter valued at approximately $120,000.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

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.