SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 1-Year High – What’s Next?

Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $183.27 and last traded at $182.88, with a volume of 2276 shares trading hands. The stock had previously closed at $182.74.

SPDR MSCI USA StrategicFactors ETF Stock Up 0.2%

The company has a market capitalization of $1.48 billion, a P/E ratio of 22.46 and a beta of 0.84. The business has a 50 day simple moving average of $176.63 and a 200-day simple moving average of $175.45.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of hedge funds have recently added to or reduced their stakes in QUS. Empowered Funds LLC bought a new stake in SPDR MSCI USA StrategicFactors ETF in the first quarter valued at $275,000. NewEdge Advisors LLC raised its stake in shares of SPDR MSCI USA StrategicFactors ETF by 7.1% during the second quarter. NewEdge Advisors LLC now owns 36,337 shares of the company’s stock valued at $5,926,000 after purchasing an additional 2,405 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of SPDR MSCI USA StrategicFactors ETF by 31.9% during the second quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock valued at $22,879,000 after purchasing an additional 33,967 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of SPDR MSCI USA StrategicFactors ETF by 6.9% during the second quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock valued at $29,401,000 after purchasing an additional 11,667 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of SPDR MSCI USA StrategicFactors ETF by 94.7% during the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after purchasing an additional 192,062 shares in the last quarter.

About SPDR MSCI USA StrategicFactors ETF

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.