ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading Up 7% – Time to Buy?

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s share price rose 7% on Monday . The company traded as high as $53.7393 and last traded at $57.0050. Approximately 10,462 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 32,983 shares. The stock had previously closed at $53.28.

ALPS O’Shares U.S. Quality Dividend ETF Stock Performance

The business’s fifty day moving average price is $56.39 and its two-hundred day moving average price is $55.28. The stock has a market capitalization of $859.64 million, a P/E ratio of 22.27 and a beta of 0.80.

Hedge Funds Weigh In On ALPS O’Shares U.S. Quality Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of OUSA. KERR FINANCIAL PLANNING Corp bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the third quarter worth $496,000. Triumph Capital Management purchased a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the third quarter valued at $47,000. Ameriprise Financial Inc. lifted its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 2.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock worth $26,450,000 after acquiring an additional 11,355 shares during the last quarter. USA Financial Formulas boosted its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 21.9% during the 3rd quarter. USA Financial Formulas now owns 12,105 shares of the company’s stock worth $684,000 after purchasing an additional 2,171 shares during the period. Finally, Private Trust Co. NA grew its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 24.3% during the 2nd quarter. Private Trust Co. NA now owns 1,243 shares of the company’s stock valued at $67,000 after purchasing an additional 243 shares during the last quarter.

ALPS O’Shares U.S. Quality Dividend ETF Company Profile

The ALPS O’Shares U.S. Quality Dividend ETF Shares (OUSA) is an exchange-traded fund that is based on the O’Shares US Quality Dividend index. The fund selects and weights large-cap US stocks based on four factors: high quality, low volatility, high dividend yield, and dividend quality. OUSA was launched on Jul 14, 2015 and is managed by ALPS.