SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 1-Year High – What’s Next?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $183.27 and last traded at $182.88, with a volume of 2276 shares changing hands. The stock had previously closed at $182.74.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The company’s fifty day simple moving average is $176.57 and its two-hundred day simple moving average is $175.37. The stock has a market capitalization of $1.48 billion, a P/E ratio of 22.46 and a beta of 0.84.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Great Point Wealth Advisors LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF during the third quarter worth approximately $15,220,000. BIP Wealth LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF during the fourth quarter worth approximately $18,907,000. Focus Partners Wealth increased its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 3.7% during the third quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock worth $352,923,000 after purchasing an additional 74,333 shares during the period. Marotta Asset Management increased its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 6.1% during the fourth quarter. Marotta Asset Management now owns 57,571 shares of the company’s stock worth $10,028,000 after purchasing an additional 3,320 shares during the period. Finally, Goodman Advisory Group LLC increased its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 12.0% during the third quarter. Goodman Advisory Group LLC now owns 52,874 shares of the company’s stock worth $9,052,000 after purchasing an additional 5,652 shares during the period.

About SPDR MSCI USA StrategicFactors ETF

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.