SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sees Strong Trading Volume – Here’s Why

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) saw unusually-strong trading volume on Wednesday. Approximately 282,672 shares were traded during mid-day trading, an increase of 693% from the previous session’s volume of 35,651 shares. The stock last traded at $96.95 and had previously closed at $97.59.

SPDR MSCI EAFE StrategicFactors ETF Trading Down 0.7%

The stock has a fifty day simple moving average of $100.15 and a 200-day simple moving average of $97.51. The company has a market capitalization of $998.50 million, a PE ratio of 15.98 and a beta of 0.68.

Hedge Funds Weigh In On SPDR MSCI EAFE StrategicFactors ETF

Hedge funds have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. boosted its holdings in shares of SPDR MSCI EAFE StrategicFactors ETF by 0.4% in the 4th quarter. Great Valley Advisor Group Inc. now owns 264,176 shares of the company’s stock valued at $23,952,000 after buying an additional 1,008 shares in the last quarter. CX Institutional acquired a new position in SPDR MSCI EAFE StrategicFactors ETF in the third quarter valued at $23,693,000. Bank of America Corp DE grew its holdings in shares of SPDR MSCI EAFE StrategicFactors ETF by 4.5% during the first quarter. Bank of America Corp DE now owns 206,196 shares of the company’s stock worth $19,232,000 after purchasing an additional 8,796 shares during the last quarter. Financial Guidance Group Inc. increased its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 2.6% during the first quarter. Financial Guidance Group Inc. now owns 148,153 shares of the company’s stock worth $13,818,000 after purchasing an additional 3,761 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 11.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 143,056 shares of the company’s stock worth $13,736,000 after purchasing an additional 14,601 shares in the last quarter.

About SPDR MSCI EAFE StrategicFactors ETF

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.