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

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSAGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $62.63 and last traded at $62.63, with a volume of 1847 shares. The stock had previously closed at $61.68.

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

The firm has a fifty day moving average price of $59.82 and a 200 day moving average price of $58.50. The stock has a market cap of $943.40 million, a PE ratio of 22.27 and a beta of 0.80.

Institutional Investors Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 9.7% during 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 position in ALPS O’Shares U.S. Quality Dividend ETF during the first quarter worth approximately $850,000. Allied Private Wealth LLC purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 2nd quarter valued at approximately $120,000. Janney Montgomery Scott LLC increased its stake in shares of 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 worth $1,425,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter worth about $47,000.

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

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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.

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