ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading 9.7% Higher – Here’s Why

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) were up 9.7% on Thursday . The company traded as high as $53.7393 and last traded at $58.47. Approximately 10,462 shares changed hands during trading, a decline of 68% from the average daily volume of 32,983 shares. The stock had previously closed at $53.28.

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

The business has a 50-day moving average price of $57.95 and a 200 day moving average price of $56.49. The stock has a market capitalization of $884.74 million, a P/E ratio of 22.27 and a beta of 0.80.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 22nd were issued a $0.0808 dividend. This represents a c) annualized dividend and a yield of 1.7%. This is a positive change from ALPS O’Shares U.S. Quality Dividend ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Thursday, January 22nd.

Hedge Funds Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

Several large investors have recently modified their holdings of the stock. Triumph Capital Management bought a new position in ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter worth about $47,000. Private Trust Co. NA raised its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 24.3% in the second quarter. Private Trust Co. NA now owns 1,243 shares of the company’s stock worth $67,000 after buying an additional 243 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the third quarter worth approximately $496,000. USA Financial Formulas grew its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 21.9% during the third quarter. USA Financial Formulas now owns 12,105 shares of the company’s stock valued at $684,000 after buying an additional 2,171 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 126.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after buying an additional 73,618 shares during the last quarter.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

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.