ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Stock Price Up 9.7% – Here’s What Happened

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)’s stock price rose 9.7% during trading on Thursday . The company traded as high as $53.7393 and last traded at $58.47. Approximately 10,462 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 32,983 shares. The stock had previously closed at $53.28.

ALPS O’Shares U.S. Quality Dividend ETF Stock Up 9.7%

The firm has a 50 day moving average of $57.90 and a 200 day moving average of $56.46. The firm has a market cap of $881.73 million, a PE ratio of 22.27 and a beta of 0.80.

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

The company also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were given a dividend of $0.0808 per share. This is a boost from ALPS O’Shares U.S. Quality Dividend ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, January 22nd.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 3rd quarter valued at $47,000. Private Trust Co. NA increased its stake in shares of ALPS O’Shares U.S. Quality Dividend ETF by 24.3% in the 2nd quarter. Private Trust Co. NA now owns 1,243 shares of the company’s stock worth $67,000 after acquiring an additional 243 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in ALPS O’Shares U.S. Quality Dividend ETF during the 3rd quarter valued at about $496,000. USA Financial Formulas bought a new stake in ALPS O’Shares U.S. Quality Dividend ETF during the second quarter worth about $536,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $7,597,000 after purchasing an additional 73,618 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.