Collaborative Wealth Managment Inc. Acquires 119 Shares of SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS)

Collaborative Wealth Managment Inc. increased its stake in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) by 4.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,594 shares of the company’s stock after acquiring an additional 119 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in SPDR MSCI USA StrategicFactors ETF were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vista Investment Management lifted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 1.2% in the 4th quarter. Vista Investment Management now owns 35,520 shares of the company’s stock worth $4,693,000 after buying an additional 413 shares during the period. American National Bank bought a new position in SPDR MSCI USA StrategicFactors ETF during the 4th quarter worth about $35,000. Focus Financial Network Inc. ADV purchased a new position in SPDR MSCI USA StrategicFactors ETF during the fourth quarter valued at approximately $254,000. Concourse Financial Group Securities Inc. purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 4th quarter valued at $26,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF in the 2nd quarter worth $226,000.

SPDR MSCI USA StrategicFactors ETF Price Performance

Shares of QUS stock opened at $155.26 on Friday. The stock’s 50-day moving average is $151.35 and its 200 day moving average is $146.60. SPDR MSCI USA StrategicFactors ETF has a 1-year low of $116.15 and a 1-year high of $156.39. The company has a market cap of $1.36 billion, a P/E ratio of 25.12 and a beta of 0.83.

SPDR MSCI USA StrategicFactors ETF 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.