ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Reaches New 1-Year High – Here’s Why

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s share price hit a new 52-week high on Friday . The company traded as high as $60.51 and last traded at $60.37, with a volume of 2989 shares changing hands. The stock had previously closed at $60.24.

ALPS O’Shares U.S. Quality Dividend ETF Price Performance

The company has a market capitalization of $905.40 million, a PE ratio of 22.27 and a beta of 0.80. The business has a 50-day moving average of $58.57 and a 200 day moving average of $58.06.

Institutional Trading of ALPS O’Shares U.S. Quality Dividend ETF

Hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 126.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after acquiring an additional 73,618 shares during the last quarter. Ameriprise Financial Inc. increased its position in ALPS O’Shares U.S. Quality Dividend ETF by 9.7% in the second quarter. Ameriprise Financial Inc. now owns 454,805 shares of the company’s stock worth $24,520,000 after purchasing an additional 40,042 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the first quarter valued at $850,000. Allied Private Wealth LLC purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the second quarter valued at $120,000. Finally, Janney Montgomery Scott LLC raised its stake in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock valued at $1,425,000 after purchasing an additional 1,722 shares in the last quarter.

About ALPS O’Shares U.S. Quality Dividend ETF

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.