ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Hits New 1-Year High – Here’s Why

Shares of ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.92 and last traded at $61.92, with a volume of 10739 shares traded. The stock had previously closed at $61.26.

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

The company has a market cap of $936.77 million, a price-to-earnings ratio of 22.27 and a beta of 0.80. The firm has a 50-day moving average price of $59.21 and a 200 day moving average price of $58.28.

Hedge Funds Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

A number of hedge funds have recently bought and sold shares of OUSA. Ameriprise Financial Inc. grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock worth $26,450,000 after purchasing an additional 11,355 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock valued at $1,425,000 after acquiring an additional 1,722 shares during the period. Ascentis Independent Advisors bought a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the first quarter worth $850,000. Allied Private Wealth LLC acquired a new position in ALPS O’Shares U.S. Quality Dividend ETF in the second quarter valued at about $120,000. Finally, Triumph Capital Management acquired a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the third quarter worth about $47,000.

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.