ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Stock Price Up 0.6% – Here’s Why

ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) shares were up 0.6% during mid-day trading on Friday . The stock traded as high as $59.16 and last traded at $59.13. Approximately 18,197 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 42,235 shares. The stock had previously closed at $58.80.

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

The stock has a 50-day simple moving average of $58.53 and a 200 day simple moving average of $57.01. The stock has a market capitalization of $891.68 million, a P/E ratio of 22.27 and a beta of 0.80.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.0518 per share. The ex-dividend date is Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Private Trust Co. NA increased its stake in ALPS O’Shares U.S. Quality Dividend ETF by 24.3% during the 2nd quarter. Private Trust Co. NA now owns 1,243 shares of the company’s stock worth $67,000 after purchasing an additional 243 shares in the last quarter. USA Financial Formulas boosted its position in ALPS O’Shares U.S. Quality Dividend ETF by 3.2% during the fourth quarter. USA Financial Formulas now owns 12,493 shares of the company’s stock worth $721,000 after purchasing an additional 388 shares during the period. Triumph Capital Management bought a new stake in shares of ALPS O’Shares U.S. Quality Dividend ETF during the 3rd quarter worth about $47,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the third quarter valued at approximately $496,000. Finally, Ameriprise Financial Inc. grew its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 2.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock valued at $26,450,000 after buying an additional 11,355 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.