ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (BATS:OUSM) Trading 0.6% Higher – Here’s Why

Shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (BATS:OUSM) traded up 0.6% during mid-day trading on Friday . The stock traded as high as $44.34 and last traded at $43.8450. 168,385 shares were traded during trading, an increase of 69% from the average session volume of 99,887 shares. The stock had previously closed at $43.60.

ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Price Performance

The stock has a market capitalization of $924.25 million, a price-to-earnings ratio of 15.13 and a beta of 0.91. The company’s 50-day simple moving average is $43.93 and its 200-day simple moving average is $43.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF during the second quarter worth $338,000. Cary Street Partners Financial LLC grew its stake in shares of ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 29.4% in the first quarter. Cary Street Partners Financial LLC now owns 11,583 shares of the company’s stock valued at $487,000 after acquiring an additional 2,635 shares in the last quarter. Horan Securities Inc. increased its position in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 19.6% during the second quarter. Horan Securities Inc. now owns 12,738 shares of the company’s stock worth $550,000 after acquiring an additional 2,085 shares during the period. Moloney Securities Asset Management LLC raised its stake in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 8.7% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 5,645 shares of the company’s stock worth $244,000 after purchasing an additional 453 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its holdings in ALPS O’Shares U.S. Small-Cap Quality Dividend ETF by 67.4% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 3,291 shares of the company’s stock valued at $142,000 after purchasing an additional 1,325 shares during the period.

About ALPS O’Shares U.S. Small-Cap Quality Dividend ETF

The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks weighted for exposure to quality, low volatility, high dividend yield, and dividend quality factors. OUSM was launched on Dec 30, 2016 and is managed by ALPS.