Hughes Financial Services LLC Invests $7.29 Million in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)

Hughes Financial Services LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 47,043 shares of the company’s stock, valued at approximately $7,285,000. SPDR MSCI USA StrategicFactors ETF comprises approximately 1.5% of Hughes Financial Services LLC’s holdings, making the stock its 13th biggest holding. Hughes Financial Services LLC owned about 0.54% of SPDR MSCI USA StrategicFactors ETF at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter valued at approximately $37,280,000. Raymond James Financial Inc. purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter valued at approximately $22,880,000. Paul R. Ried Financial Group LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the fourth quarter valued at $9,151,000. Ameritas Advisory Services LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the fourth quarter valued at $6,182,000. Finally, Garrett Wealth Advisory Group LLC raised its stake in SPDR MSCI USA StrategicFactors ETF by 9.9% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 171,138 shares of the company’s stock valued at $26,501,000 after buying an additional 15,378 shares during the last quarter.

SPDR MSCI USA StrategicFactors ETF Trading Down 1.0 %

Shares of NYSEARCA:QUS opened at $152.57 on Friday. The stock has a fifty day simple moving average of $159.28 and a two-hundred day simple moving average of $158.55. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 23.16 and a beta of 0.91. SPDR MSCI USA StrategicFactors ETF has a 12-month low of $138.31 and a 12-month high of $164.23.

SPDR MSCI USA StrategicFactors ETF Profile

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.