ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Reaches New 1-Year High – Time to Buy?

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s stock price hit a new 52-week high on Monday . The stock traded as high as $60.51 and last traded at $60.51, with a volume of 2354 shares. The stock had previously closed at $59.67.

ALPS O’Shares U.S. Quality Dividend ETF Price Performance

The firm has a market capitalization of $911.28 million, a PE ratio of 22.27 and a beta of 0.80. The business’s 50-day moving average price is $58.79 and its 200-day moving average price is $58.13.

Institutional Investors 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 business. Ameriprise Financial Inc. increased its position in ALPS O’Shares U.S. Quality Dividend ETF by 2.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock valued at $26,450,000 after acquiring an additional 11,355 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in ALPS O’Shares U.S. Quality Dividend ETF by 126.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after buying an additional 73,618 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% in the 1st 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 during the period. Ascentis Independent Advisors purchased a new position in ALPS O’Shares U.S. Quality Dividend ETF during the 1st quarter worth $850,000. Finally, USA Financial Formulas lifted its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 3.2% in the 4th quarter. USA Financial Formulas now owns 12,493 shares of the company’s stock worth $721,000 after acquiring an additional 388 shares during the period.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

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.