ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading 0.6% Higher – Should You Buy?

Shares of ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) traded up 0.6% during mid-day trading on Friday . The company traded as high as $59.16 and last traded at $59.13. 18,197 shares were traded during mid-day trading, a decline of 57% from the average session volume of 42,235 shares. The stock had previously closed at $58.80.

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

The firm has a market cap of $891.68 million, a PE ratio of 22.27 and a beta of 0.80. The stock’s 50 day simple moving average is $58.53 and its 200 day simple moving average is $57.01.

ALPS O’Shares U.S. Quality Dividend ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.0518 per share. The ex-dividend date is Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 1.1%.

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

A number of large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in ALPS O’Shares U.S. Quality Dividend ETF by 126.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after purchasing an additional 73,618 shares during the last quarter. USA Financial Formulas boosted its position in ALPS O’Shares U.S. Quality Dividend ETF by 3.2% during the 4th quarter. USA Financial Formulas now owns 12,493 shares of the company’s stock valued at $721,000 after acquiring an additional 388 shares in the last quarter. Triumph Capital Management purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the third quarter worth $47,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter worth about $496,000. Finally, Ameriprise Financial Inc. lifted its position in ALPS O’Shares U.S. Quality Dividend ETF by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock valued at $26,450,000 after acquiring an additional 11,355 shares during the period.

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.