SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Large Volume Increase – Should You Buy?

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw unusually-high trading volume on Friday . 37,411 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 23,180 shares.The stock last traded at $148.48 and had previously closed at $152.43.

SPDR MSCI USA StrategicFactors ETF Price Performance

The firm’s 50-day moving average is $158.90 and its 200 day moving average is $158.72. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 23.39 and a beta of 0.91.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Hedge funds have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF during the 4th quarter valued at about $37,280,000. Raymond James Financial Inc. acquired a new stake in SPDR MSCI USA StrategicFactors ETF in the fourth quarter worth approximately $22,880,000. Focus Partners Wealth boosted its stake in SPDR MSCI USA StrategicFactors ETF by 5.3% during the 4th quarter. Focus Partners Wealth now owns 1,881,980 shares of the company’s stock valued at $291,425,000 after purchasing an additional 94,556 shares in the last quarter. Paul R. Ried Financial Group LLC acquired a new position in shares of SPDR MSCI USA StrategicFactors ETF during the 4th quarter valued at $9,151,000. Finally, Hughes Financial Services LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter worth $7,285,000.

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.