ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Hits New 52-Week High – Time to Buy?

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.43 and last traded at $59.99, with a volume of 22776 shares. The stock had previously closed at $59.84.

ALPS O’Shares U.S. Quality Dividend ETF Trading Up 0.3%

The stock has a market cap of $904.65 million, a price-to-earnings ratio of 22.27 and a beta of 0.80. The stock’s 50-day simple moving average is $58.28 and its 200-day simple moving average is $57.98.

Institutional Trading of ALPS O’Shares U.S. Quality Dividend ETF

Several institutional investors have recently modified their holdings of OUSA. Ameriprise Financial Inc. boosted its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock valued at $26,450,000 after purchasing an additional 11,355 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 126.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock worth $7,597,000 after buying an additional 73,618 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of 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 worth $1,425,000 after acquiring an additional 1,722 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the first quarter valued at approximately $850,000. Finally, USA Financial Formulas lifted its stake in ALPS O’Shares U.S. Quality Dividend ETF by 3.2% during the 4th quarter. USA Financial Formulas now owns 12,493 shares of the company’s stock valued at $721,000 after acquiring an additional 388 shares in the last quarter.

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.