ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading 4.9% Higher – Still a Buy?

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s stock price shot up 4.9% during mid-day trading on Thursday . The company traded as high as $53.25 and last traded at $55.18. 26,787 shares were traded during trading, The stock had previously closed at $52.60.

ALPS O’Shares U.S. Quality Dividend ETF Trading Up 4.1 %

The stock’s 50-day simple moving average is $53.92 and its 200-day simple moving average is $53.60. The stock has a market cap of $831.04 million, a price-to-earnings ratio of 25.68 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OUSA. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 87.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 448,143 shares of the company’s stock worth $23,805,000 after purchasing an additional 209,056 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 38.1% during the 4th quarter. Ameriprise Financial Inc. now owns 447,916 shares of the company’s stock worth $23,795,000 after purchasing an additional 123,484 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 299.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 83,264 shares of the company’s stock worth $4,423,000 after purchasing an additional 62,427 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 75.1% during the 4th quarter. JPMorgan Chase & Co. now owns 13,676 shares of the company’s stock worth $726,000 after purchasing an additional 5,864 shares in the last quarter. Finally, Summit Financial LLC grew its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 53.7% during the 4th quarter. Summit Financial LLC now owns 6,177 shares of the company’s stock worth $328,000 after purchasing an additional 2,158 shares in 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.