SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sees Strong Trading Volume – Still a Buy?

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) shares saw unusually-strong trading volume on Thursday . Approximately 38,839 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 40,645 shares.The stock last traded at $95.46 and had previously closed at $94.35.

SPDR MSCI EAFE StrategicFactors ETF Stock Up 0.0%

The stock has a fifty day moving average of $96.57 and a 200-day moving average of $94.39. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.98 and a beta of 0.68.

Hedge Funds Weigh In On SPDR MSCI EAFE StrategicFactors ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QEFA. Ameriprise Financial Inc. boosted its holdings in SPDR MSCI EAFE StrategicFactors ETF by 9.4% in the third quarter. Ameriprise Financial Inc. now owns 1,055,283 shares of the company’s stock valued at $92,641,000 after purchasing an additional 90,449 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR MSCI EAFE StrategicFactors ETF by 7.7% in the fourth quarter. LPL Financial LLC now owns 1,264,638 shares of the company’s stock valued at $114,665,000 after buying an additional 90,149 shares during the last quarter. Palladiem LLC purchased a new stake in SPDR MSCI EAFE StrategicFactors ETF in the fourth quarter valued at approximately $6,631,000. Flow Traders U.S. LLC lifted its stake in SPDR MSCI EAFE StrategicFactors ETF by 135.6% in the third quarter. Flow Traders U.S. LLC now owns 111,571 shares of the company’s stock valued at $9,808,000 after buying an additional 64,220 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC purchased a new stake in SPDR MSCI EAFE StrategicFactors ETF in the third quarter valued at approximately $5,640,000.

About SPDR MSCI EAFE StrategicFactors ETF

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.