ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading 5.4% Higher – What’s Next?

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) were up 5.4% on Friday . The company traded as high as $53.7393 and last traded at $56.1610. Approximately 10,462 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 32,983 shares. The stock had previously closed at $53.28.

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

The company has a market capitalization of $846.91 million, a price-to-earnings ratio of 22.27 and a beta of 0.80. The business’s 50-day moving average price is $56.24 and its two-hundred day moving average price is $54.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA increased its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 24.3% in the 2nd quarter. Private Trust Co. NA now owns 1,243 shares of the company’s stock valued at $67,000 after buying an additional 243 shares during the period. Summit Financial LLC lifted its stake in ALPS O’Shares U.S. Quality Dividend ETF by 25.2% during the first quarter. Summit Financial LLC now owns 7,734 shares of the company’s stock worth $412,000 after purchasing an additional 1,557 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 2nd quarter valued at $536,000. NewEdge Advisors LLC boosted its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 100.2% in the 1st quarter. NewEdge Advisors LLC now owns 62,683 shares of the company’s stock valued at $3,336,000 after purchasing an additional 31,369 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 21.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 169,186 shares of the company’s stock valued at $9,131,000 after purchasing an additional 29,493 shares during the last quarter.

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.