ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) Hits New 52-Week High – Here’s What Happened

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (NYSEARCA:OUSM) reached a new 52-week high during trading on Thursday. The company traded as high as $50.53 and last traded at $50.3360, with a volume of 3,143 shares. The stock had previously closed at $50.18.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Trading Down 0.9%

The company has a market cap of $812.82 million, a PE ratio of 15.13 and a beta of 0.90. The company’s 50 day moving average is $47.79 and its 200 day moving average is $46.99.

Hedge Funds Weigh In On ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the third quarter valued at approximately $319,000. Richardson Capital Management LLC bought a new position in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the third quarter worth approximately $172,000. Farmers & Merchants Investments Inc. bought a new position in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF in the third quarter worth approximately $120,000. CoreCap Advisors LLC increased its holdings in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 1,335.9% during the 3rd quarter. CoreCap Advisors LLC now owns 919 shares of the company’s stock worth $42,000 after purchasing an additional 855 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,323 shares of the company’s stock worth $1,195,000 after purchasing an additional 702 shares during the period.

About ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.