SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 12-Month High – Time to Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) reached a new 52-week high during trading on Tuesday . The company traded as high as $181.17 and last traded at $180.23, with a volume of 1256 shares. The stock had previously closed at $180.49.

SPDR MSCI USA StrategicFactors ETF Price Performance

The stock has a market capitalization of $1.44 billion, a PE ratio of 22.46 and a beta of 0.86. The business has a 50 day moving average price of $176.19 and a 200 day moving average price of $174.67.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of 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 valued at $64,390,000 after purchasing an additional 192,062 shares in the last quarter. BIP Wealth LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF during the fourth quarter valued at $18,907,000. Great Point Wealth Advisors LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF during the third quarter valued at $15,220,000. Focus Partners Wealth lifted 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 valued at $352,923,000 after purchasing an additional 74,333 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 85.0% during the fourth quarter. Howard Capital Management Inc. now owns 119,933 shares of the company’s stock valued at $20,890,000 after purchasing an additional 55,112 shares in the last quarter.

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.