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

Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) reached a new 52-week high on Thursday . The company traded as high as $184.87 and last traded at $184.87, with a volume of 5517 shares traded. The stock had previously closed at $184.65.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.8%

The business has a fifty day simple moving average of $177.80 and a two-hundred day simple moving average of $176.32. The stock has a market cap of $1.52 billion, a PE ratio of 22.46 and a beta of 0.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 94.7% in the 2nd quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock worth $64,390,000 after purchasing an additional 192,062 shares in the last quarter. BIP Wealth LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter worth approximately $18,907,000. Focus Partners Wealth boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 3.7% in the 3rd quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock worth $352,923,000 after purchasing an additional 74,333 shares in the last quarter. Howard Capital Management Inc. boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 85.0% in the 4th quarter. Howard Capital Management Inc. now owns 119,933 shares of the company’s stock worth $20,890,000 after purchasing an additional 55,112 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 31.9% in the 2nd quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock worth $22,879,000 after purchasing an additional 33,967 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.