SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 52-Week High – Still a Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $196.45 and last traded at $196.45, with a volume of 730 shares. The stock had previously closed at $194.33.

SPDR MSCI USA StrategicFactors ETF Stock Down 0.9%

The company has a market cap of $1.57 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83. The company’s 50-day moving average is $188.99 and its 200 day moving average is $182.65.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Institutional investors have recently modified their holdings of the business. Spinnaker Investment Group LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF in the 2nd quarter worth about $760,000. Midwest Financial Network LLC increased its position in shares of SPDR MSCI USA StrategicFactors ETF by 17.3% in the second quarter. Midwest Financial Network LLC now owns 25,439 shares of the company’s stock valued at $4,754,000 after buying an additional 3,750 shares in the last quarter. Paul R. Ried Financial Group LLC increased its position in shares of SPDR MSCI USA StrategicFactors ETF by 3.4% in the second quarter. Paul R. Ried Financial Group LLC now owns 76,485 shares of the company’s stock valued at $14,292,000 after buying an additional 2,491 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of SPDR MSCI USA StrategicFactors ETF during the 1st quarter worth approximately $173,000. Finally, NewEdge Advisors LLC lifted its position in shares of SPDR MSCI USA StrategicFactors ETF by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 37,355 shares of the company’s stock valued at $6,412,000 after buying an additional 823 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.