SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 1-Year High – Time to Buy?

Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) hit a new 52-week high on Friday . The company traded as high as $174.61 and last traded at $174.2990, with a volume of 497 shares changing hands. The stock had previously closed at $173.59.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The stock has a market capitalization of $1.55 billion, a PE ratio of 22.46 and a beta of 0.89. The company’s fifty day simple moving average is $171.66 and its two-hundred day simple moving average is $166.41.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds have recently modified their holdings of the stock. MMA Asset Management LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at approximately $29,000. Cornerstone Planning Group LLC purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at $38,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of SPDR MSCI USA StrategicFactors ETF in the third quarter worth $40,000. SouthState Corp purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF during the first quarter worth $48,000. Finally, Knuff & Co LLC acquired a new stake in SPDR MSCI USA StrategicFactors ETF during the first quarter valued at $48,000.

SPDR MSCI USA StrategicFactors ETF Company Profile

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.