SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Reaches New 52-Week High – Here’s Why

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $177.51 and last traded at $177.1460, with a volume of 454 shares changing hands. The stock had previously closed at $176.60.

SPDR MSCI USA StrategicFactors ETF Stock Up 0.4%

The firm has a market cap of $1.57 billion, a PE ratio of 22.46 and a beta of 0.89. The business has a 50 day simple moving average of $173.71 and a two-hundred day simple moving average of $169.63.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MMA Asset Management LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at about $29,000. Cornerstone Planning Group LLC purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the third quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. bought a new position in SPDR MSCI USA StrategicFactors ETF in the third quarter worth approximately $40,000. Triumph Capital Management bought a new position in SPDR MSCI USA StrategicFactors ETF in the third quarter worth approximately $54,000. Finally, AE Wealth Management LLC increased its holdings in SPDR MSCI USA StrategicFactors ETF by 38.5% during the 2nd quarter. AE Wealth Management LLC now owns 565 shares of the company’s stock worth $92,000 after purchasing an additional 157 shares during the period.

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.