Royal Fund Management LLC Cuts Holdings in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)

Royal Fund Management LLC lowered its position in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,451 shares of the company’s stock after selling 3,864 shares during the quarter. Royal Fund Management LLC owned 0.54% of SPDR MSCI USA StrategicFactors ETF worth $5,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new stake in SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at $39,000. Blair William & Co. IL purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF during the 3rd quarter valued at about $74,000. CKW Financial Group acquired a new position in SPDR MSCI USA StrategicFactors ETF during the 4th quarter worth approximately $84,000. Valley National Advisers Inc. purchased a new position in SPDR MSCI USA StrategicFactors ETF in the 4th quarter worth approximately $154,000. Finally, First Horizon Advisors Inc. boosted its holdings in SPDR MSCI USA StrategicFactors ETF by 13.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,410 shares of the company’s stock worth $170,000 after acquiring an additional 167 shares during the period.

SPDR MSCI USA StrategicFactors ETF Stock Up 0.9 %

Shares of QUS traded up $1.21 during mid-day trading on Friday, reaching $141.23. 10,198 shares of the stock traded hands, compared to its average volume of 28,292. The stock has a fifty day simple moving average of $142.08 and a 200 day simple moving average of $134.31. SPDR MSCI USA StrategicFactors ETF has a 12-month low of $114.97 and a 12-month high of $145.77. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 24.16 and a beta of 0.84.

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.