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:OUSA)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $60.51 and last traded at $60.51, with a volume of 2354 shares changing hands. The stock had previously closed at $59.67.

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

The firm has a market cap of $911.28 million, a price-to-earnings ratio of 22.27 and a beta of 0.80. The business’s 50 day moving average price is $58.79 and its 200 day moving average price is $58.13.

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

A number of institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 worth $7,597,000 after buying an additional 73,618 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in ALPS O’Shares U.S. Quality Dividend ETF by 9.7% during the 2nd 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 acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the first quarter valued at about $850,000. Allied Private Wealth LLC acquired a new position in ALPS O’Shares U.S. Quality Dividend ETF during the second quarter worth about $120,000. Finally, Janney Montgomery Scott LLC raised its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock valued at $1,425,000 after acquiring an additional 1,722 shares during 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.