SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sees Unusually-High Trading Volume – Here’s Why

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFAGet Free Report) shares saw strong trading volume on Thursday . Approximately 45,302 shares changed hands during trading, an increase of 26% from the previous session’s volume of 35,887 shares.The stock last traded at $101.09 and had previously closed at $101.40.

SPDR MSCI EAFE StrategicFactors ETF Stock Down 0.1%

The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 15.98 and a beta of 0.68. The company’s 50-day simple moving average is $97.89 and its 200-day simple moving average is $96.71.

Hedge Funds Weigh In On SPDR MSCI EAFE StrategicFactors ETF

A number of hedge funds have recently modified their holdings of QEFA. Sound Income Strategies LLC raised its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 219.3% during the first quarter. Sound Income Strategies LLC now owns 364 shares of the company’s stock worth $34,000 after purchasing an additional 250 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 217.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 913 shares of the company’s stock valued at $78,000 after purchasing an additional 625 shares during the period. CIBC Private Wealth Group LLC increased its stake in SPDR MSCI EAFE StrategicFactors ETF by 22.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,217 shares of the company’s stock worth $110,000 after purchasing an additional 226 shares in the last quarter. Raymond James Financial Inc. purchased a new position in SPDR MSCI EAFE StrategicFactors ETF in the 2nd quarter worth about $119,000. Finally, Kestra Advisory Services LLC acquired a new stake in SPDR MSCI EAFE StrategicFactors ETF during the 4th quarter worth about $164,000.

SPDR MSCI EAFE StrategicFactors ETF Company Profile

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The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.

Further Reading

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