SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sets New 52-Week High – Still a Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $181.41 and last traded at $181.31, with a volume of 5323 shares trading hands. The stock had previously closed at $180.11.

SPDR MSCI USA StrategicFactors ETF Price Performance

The company has a market cap of $1.48 billion, a P/E ratio of 22.46 and a beta of 0.86. The company has a 50 day moving average of $176.36 and a 200-day moving average of $175.07.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds have recently bought and sold shares of the stock. Marotta Asset Management lifted its position in SPDR MSCI USA StrategicFactors ETF by 16.0% during the first quarter. Marotta Asset Management now owns 66,803 shares of the company’s stock valued at $11,507,000 after purchasing an additional 9,232 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in SPDR MSCI USA StrategicFactors ETF by 0.9% during the first quarter. Harbor Investment Advisory LLC now owns 13,484 shares of the company’s stock valued at $2,314,000 after purchasing an additional 115 shares during the last quarter. Continuum Advisory LLC lifted its position in SPDR MSCI USA StrategicFactors ETF by 1.6% during the first quarter. Continuum Advisory LLC now owns 73,503 shares of the company’s stock valued at $12,616,000 after purchasing an additional 1,192 shares during the last quarter. Independent Wealth Network Inc. bought a new stake in SPDR MSCI USA StrategicFactors ETF during the first quarter valued at approximately $420,000. Finally, Balance Wealth LLC lifted its position in SPDR MSCI USA StrategicFactors ETF by 23.3% during the first quarter. Balance Wealth LLC now owns 2,590 shares of the company’s stock valued at $445,000 after purchasing an additional 490 shares during the last quarter.

About SPDR MSCI USA StrategicFactors ETF

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.