ALPS O’Shares U.S. Quality Dividend ETF (NYSEARCA:OUSA) Stock Jumps 0.7% – Here’s What Happened

by · The Markets Daily

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

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

The business’s 50-day simple moving average is $61.18 and its 200-day simple moving average is $59.18. The company has a market capitalization of $723.14 million, a price-to-earnings ratio of 22.27 and a beta of 0.74.

Institutional Trading of ALPS O’Shares U.S. Quality Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF in the first quarter valued at about $850,000. Allied Private Wealth LLC bought a new position in ALPS O’Shares U.S. Quality Dividend ETF during the second quarter worth about $120,000. Finally, Janney Montgomery Scott LLC grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,594 shares of the company’s stock worth $1,425,000 after buying an additional 1,722 shares during the period.

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

(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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