SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Strong Trading Volume – Time to Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw strong trading volume on Wednesday . 91,042 shares changed hands during mid-day trading, an increase of 217% from the previous session’s volume of 28,689 shares.The stock last traded at $176.3540 and had previously closed at $174.27.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The company has a market cap of $1.57 billion, a P/E ratio of 22.46 and a beta of 0.89. The business has a 50 day moving average price of $174.31 and a two-hundred day moving average price of $170.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QUS. Great Point Wealth Advisors LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter worth approximately $15,220,000. Hershey Financial Advisers LLC purchased a new stake in SPDR MSCI USA StrategicFactors ETF in the second quarter worth $1,061,000. Goodman Advisory Group LLC lifted its stake in SPDR MSCI USA StrategicFactors ETF by 7,076.6% in the second quarter. Goodman Advisory Group LLC now owns 47,222 shares of the company’s stock worth $7,702,000 after acquiring an additional 46,564 shares during the period. Blair William & Co. IL boosted its holdings in SPDR MSCI USA StrategicFactors ETF by 8.1% in the second quarter. Blair William & Co. IL now owns 1,251 shares of the company’s stock valued at $204,000 after acquiring an additional 94 shares in the last quarter. Finally, Paul R. Ried Financial Group LLC increased its position in SPDR MSCI USA StrategicFactors ETF by 5.5% during the 2nd quarter. Paul R. Ried Financial Group LLC now owns 65,745 shares of the company’s stock valued at $10,722,000 after purchasing an additional 3,445 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.