SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 12-Month High – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price hit a new 52-week high on Thursday. The stock traded as high as $197.31 and last traded at $197.2760, with a volume of 3,666 shares. The stock had previously closed at $196.97.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The stock’s 50-day moving average is $193.69 and its 200 day moving average is $188.20. The stock has a market capitalization of $1.59 billion, a PE ratio of 22.46 and a beta of 0.83.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Several large investors have recently bought and sold shares of QUS. BIP Wealth LLC increased its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 2.6% in the 3rd quarter. BIP Wealth LLC now owns 177,304 shares of the company’s stock valued at $33,707,000 after acquiring an additional 4,512 shares during the period. Sharkey Howes & Javer acquired a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter worth $2,788,000. Carnegie Investment Counsel purchased a new position in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter worth $304,000. Independent Wealth Network Inc. grew its position in SPDR MSCI USA StrategicFactors ETF by 14.2% during the 3rd quarter. Independent Wealth Network Inc. now owns 3,234 shares of the company’s stock worth $615,000 after purchasing an additional 403 shares during the last quarter. Finally, Hengehold Capital Management LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter worth $1,077,000.

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.