SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Hits New 1-Year High – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price reached a new 52-week high during trading on Thursday. The company traded as high as $197.31 and last traded at $197.2760, with a volume of 3,666 shares traded. The stock had previously closed at $196.97.

SPDR MSCI USA StrategicFactors ETF Stock Performance

The firm has a market cap of $1.60 billion, a PE ratio of 22.46 and a beta of 0.83. The firm has a fifty day simple moving average of $193.65 and a two-hundred day simple moving average of $187.97.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Howard Capital Management LLC boosted its position in SPDR MSCI USA StrategicFactors ETF by 3.2% during the 3rd quarter. Howard Capital Management LLC now owns 208,182 shares of the company’s stock valued at $39,577,000 after acquiring an additional 6,401 shares in the last quarter. Marotta Asset Management raised its position in shares of SPDR MSCI USA StrategicFactors ETF by 9.7% in the 3rd quarter. Marotta Asset Management now owns 93,212 shares of the company’s stock worth $17,721,000 after acquiring an additional 8,247 shares in the last quarter. Paul R. Ried Financial Group LLC lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 3.4% during the 2nd quarter. Paul R. Ried Financial Group LLC now owns 76,485 shares of the company’s stock worth $14,292,000 after purchasing an additional 2,491 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 2.2% during the 2nd quarter. Continuum Advisory LLC now owns 75,092 shares of the company’s stock worth $14,032,000 after purchasing an additional 1,589 shares during the last quarter. Finally, ARQ Wealth Advisors LLC lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 8.6% during the 1st quarter. ARQ Wealth Advisors LLC now owns 42,357 shares of the company’s stock worth $7,270,000 after purchasing an additional 3,339 shares during the last quarter.

SPDR MSCI USA StrategicFactors ETF Company Profile

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.