SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Reaches New 12-Month High – Still a Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price hit a new 52-week high on Monday . The stock traded as high as $178.23 and last traded at $178.2150, with a volume of 1225 shares trading hands. The stock had previously closed at $177.33.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The stock has a market cap of $1.57 billion, a P/E ratio of 22.46 and a beta of 0.89. The company’s 50 day moving average price is $175.30 and its 200-day moving average price is $171.02.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its position in shares of SPDR MSCI USA StrategicFactors ETF by 3.7% during the 3rd quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock worth $352,923,000 after buying an additional 74,333 shares in the last quarter. Sfmg LLC increased its position in shares of SPDR MSCI USA StrategicFactors ETF by 0.4% during the second quarter. Sfmg LLC now owns 519,412 shares of the company’s stock valued at $84,711,000 after acquiring an additional 2,122 shares during the last quarter. Bank of America Corp DE lifted its holdings in SPDR MSCI USA StrategicFactors ETF by 94.7% during the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock worth $64,390,000 after acquiring an additional 192,062 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SPDR MSCI USA StrategicFactors ETF by 11.1% during the second quarter. Envestnet Asset Management Inc. now owns 376,207 shares of the company’s stock worth $61,356,000 after acquiring an additional 37,625 shares during the period. Finally, Perennial Investment Advisors LLC boosted its position in SPDR MSCI USA StrategicFactors ETF by 8.1% in the third quarter. Perennial Investment Advisors LLC now owns 264,000 shares of the company’s stock worth $45,197,000 after purchasing an additional 19,827 shares during the last quarter.

SPDR MSCI USA StrategicFactors ETF Company 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.