SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 52-Week High – Here’s Why

Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) hit a new 52-week high during trading on Tuesday . The company traded as high as $176.13 and last traded at $176.17, with a volume of 1272 shares traded. The stock had previously closed at $175.44.

SPDR MSCI USA StrategicFactors ETF Price Performance

The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.46 and a beta of 0.89. The stock has a 50 day simple moving average of $173.02 and a two-hundred day simple moving average of $168.89.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MMA Asset Management LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF in the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at $38,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at $40,000. Triumph Capital Management acquired a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter worth $54,000. Finally, AE Wealth Management LLC lifted its position in SPDR MSCI USA StrategicFactors ETF by 38.5% in the second quarter. AE Wealth Management LLC now owns 565 shares of the company’s stock valued at $92,000 after acquiring an additional 157 shares during the last quarter.

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.