ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Reaches New 1-Year High – Still a Buy?

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA)’s stock price reached a new 52-week high on Tuesday. The company traded as high as $62.79 and last traded at $62.8110, with a volume of 16,033 shares. The stock had previously closed at $62.18.

ALPS O’Shares U.S. Quality Dividend ETF Stock Up 0.8%

The business’s fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $59.48. The company has a market cap of $737.38 million, a price-to-earnings ratio of 22.27 and a beta of 0.74.

Hedge Funds Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 3rd quarter worth $578,000. Allied Private Wealth LLC purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 2nd quarter worth $120,000. Ascentis Independent Advisors acquired a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 1st quarter valued at about $850,000. Finally, Janney Montgomery Scott LLC lifted its position in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock valued at $1,425,000 after buying an additional 1,722 shares in the last quarter.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.