ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Shares Up 0.7% – Still a Buy?

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA)’s stock price were up 0.7% during trading on Thursday. The company traded as high as $60.81 and last traded at $60.80. 17,608 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 26,839 shares. The stock had previously closed at $60.37.

ALPS O’Shares U.S. Quality Dividend ETF Stock Up 0.7%

The stock has a market cap of $725.34 million, a P/E ratio of 22.27 and a beta of 0.74. The firm’s 50-day moving average is $61.19 and its two-hundred day moving average is $59.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 2nd quarter valued at $120,000. Ascentis Independent Advisors bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the first quarter worth $850,000. Finally, Janney Montgomery Scott LLC increased its position in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after buying an additional 1,722 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.