SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 1-Year High – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $160.91 and last traded at $160.91, with a volume of 13094 shares trading hands. The stock had previously closed at $157.16.

SPDR MSCI USA StrategicFactors ETF Price Performance

The company has a market capitalization of $1.40 billion, a P/E ratio of 25.12 and a beta of 0.83. The company’s 50-day moving average price is $156.77 and its two-hundred day moving average price is $150.59.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of large investors have recently made changes to their positions in the company. Sfmg LLC raised its stake in SPDR MSCI USA StrategicFactors ETF by 1.1% in the 1st quarter. Sfmg LLC now owns 501,860 shares of the company’s stock worth $73,086,000 after purchasing an additional 5,326 shares in the last quarter. Fayez Sarofim & Co acquired a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the first quarter valued at approximately $575,000. Mount Yale Investment Advisors LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the first quarter valued at approximately $29,776,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 27.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,169 shares of the company’s stock valued at $316,000 after buying an additional 461 shares during the period. Finally, ARQ Wealth Advisors LLC grew its position in SPDR MSCI USA StrategicFactors ETF by 114.4% during the first quarter. ARQ Wealth Advisors LLC now owns 7,847 shares of the company’s stock worth $1,143,000 after buying an additional 4,187 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.