SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Large Volume Increase – Here’s Why

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw unusually-strong trading volume on Thursday . Approximately 141,863 shares traded 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 company’s 50-day moving average price is $177.55 and its 200 day moving average price is $173.17. The stock has a market capitalization of $1.57 billion, a PE ratio of 22.46 and a beta of 0.89.

Institutional Trading of SPDR MSCI USA StrategicFactors ETF

A number of hedge funds and other institutional investors have recently modified their holdings of QUS. EP Wealth Advisors LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the 4th quarter valued at about $346,000. Empowered Funds LLC purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter worth approximately $94,000. Vista Investment Management grew its stake in shares of SPDR MSCI USA StrategicFactors ETF by 6.6% in the 4th quarter. Vista Investment Management now owns 38,251 shares of the company’s stock worth $6,663,000 after buying an additional 2,383 shares during the last quarter. OLD Mission Capital LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the 4th quarter valued at approximately $1,215,000. Finally, Perryman Financial Advisory Inc. AD purchased a new position in SPDR MSCI USA StrategicFactors ETF during the fourth quarter valued at $279,000.

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.