ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) Trading 0.8% Higher – Still a Buy?

Shares of ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) traded up 0.8% during mid-day trading on Monday . The company traded as high as $57.12 and last traded at $57.07. 22,350 shares traded hands during trading, a decline of 38% from the average session volume of 35,859 shares. The stock had previously closed at $56.60.

ALPS O’Shares U.S. Quality Dividend ETF Stock Up 0.8%

The company has a 50 day simple moving average of $58.63 and a 200 day simple moving average of $57.35. The company has a market capitalization of $860.62 million, a price-to-earnings ratio of 22.27 and a beta of 0.80.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were given a dividend of $0.0518 per share. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 19th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in ALPS O’Shares U.S. Quality Dividend ETF by 126.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131,668 shares of the company’s stock valued at $7,597,000 after buying an additional 73,618 shares in the last quarter. USA Financial Formulas increased its position in shares of ALPS O’Shares U.S. Quality Dividend ETF by 3.2% in the fourth quarter. USA Financial Formulas now owns 12,493 shares of the company’s stock worth $721,000 after acquiring an additional 388 shares in the last quarter. Triumph Capital Management purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter valued at $47,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF in the 3rd quarter valued at $496,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 466,160 shares of the company’s stock valued at $26,450,000 after acquiring an additional 11,355 shares in the last quarter.

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

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.