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

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw unusually-strong trading volume on Friday . Approximately 92,489 shares traded hands during trading, an increase of 251% from the previous session’s volume of 26,357 shares.The stock last traded at $157.78 and had previously closed at $157.98.

SPDR MSCI USA StrategicFactors ETF Price Performance

The firm has a market cap of $1.44 billion, a PE ratio of 24.32 and a beta of 0.92. The stock’s fifty day moving average price is $159.33 and its 200-day moving average price is $158.58.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 0.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 10,957 shares of the company’s stock valued at $1,697,000 after acquiring an additional 77 shares during the period. Riverpoint Wealth Management Holdings LLC boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 0.9% in the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 9,649 shares of the company’s stock valued at $1,494,000 after acquiring an additional 82 shares during the period. Lbmc Investment Advisors LLC boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 0.7% in the fourth quarter. Lbmc Investment Advisors LLC now owns 12,305 shares of the company’s stock valued at $1,905,000 after acquiring an additional 86 shares during the period. Captrust Financial Advisors boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 3.9% in the third quarter. Captrust Financial Advisors now owns 2,455 shares of the company’s stock valued at $387,000 after acquiring an additional 92 shares during the period. Finally, Sentinel Pension Advisors Inc. boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 1.1% in the fourth quarter. Sentinel Pension Advisors Inc. now owns 9,124 shares of the company’s stock valued at $1,413,000 after acquiring an additional 100 shares during the period.

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.