ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Stock Jumps 0.7% – Still a Buy?

ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA – Get Free Report) were up 0.7% during mid-day trading on Thursday. The stock traded as high as $60.81 and last traded at $60.80. Approximately 17,608 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 26,839 shares. The stock had previously closed at $60.37.

ALPS O’Shares U.S. Quality Dividend ETF Trading Up 0.7%

The firm’s fifty day moving average price is $61.19 and its 200-day moving average price is $59.17. The company has a market cap of $725.34 million, a P/E ratio of 22.27 and a beta of 0.74.

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

Several large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 1st quarter worth approximately $850,000. Allied Private Wealth LLC acquired a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 2nd quarter worth approximately $120,000. Finally, Janney Montgomery Scott LLC increased its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock valued at $1,425,000 after purchasing an additional 1,722 shares during the period.

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.

Further Reading

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