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

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) shares saw unusually-strong trading volume on Thursday . Approximately 141,863 shares changed hands during trading, an increase of 412% from the previous session’s volume of 27,730 shares.The stock last traded at $178.07 and had previously closed at $179.76.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The stock has a 50-day simple moving average of $177.61 and a 200 day simple moving average of $173.28. The stock has a market capitalization of $1.56 billion, a P/E ratio of 22.46 and a beta of 0.89.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds have recently added to or reduced their stakes in QUS. MMA Asset Management LLC acquired a new stake in SPDR MSCI USA StrategicFactors ETF in the third quarter worth about $29,000. Cornerstone Planning Group LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at about $38,000. Northwestern Mutual Wealth Management Co. acquired a new position in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at about $40,000. Triumph Capital Management bought a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at about $54,000. Finally, Empowered Funds LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter valued at about $94,000.

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.