ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading 0.5% Higher – Still a Buy?

Shares of ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSAGet Free Report) shot up 0.5% during mid-day trading on Thursday . The company traded as high as $54.73 and last traded at $54.64. 38,962 shares were traded during trading, The stock had previously closed at $54.36.

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

The firm has a market capitalization of $840.57 million, a price-to-earnings ratio of 24.62 and a beta of 0.75. The firm has a fifty day moving average price of $53.54 and a 200 day moving average price of $51.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the second quarter valued at about $50,000. Carderock Capital Management Inc. purchased a new position in ALPS O’Shares U.S. Quality Dividend ETF during the third quarter worth $273,000. ORG Partners LLC acquired a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the second quarter worth $639,000. Janney Montgomery Scott LLC boosted its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 4.4% during the first quarter. Janney Montgomery Scott LLC now owns 21,865 shares of the company’s stock valued at $1,080,000 after acquiring an additional 919 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the 2nd quarter worth about $11,867,000.

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

(Get Free Report)

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.

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