Janney Montgomery Scott LLC Raises Position in ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA)

Janney Montgomery Scott LLC boosted its stake in ALPS O’Shares U.S. Quality Dividend ETF (BATS:OUSA) by 299.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 83,264 shares of the company’s stock after buying an additional 62,427 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ALPS O’Shares U.S. Quality Dividend ETF were worth $4,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in ALPS O’Shares U.S. Quality Dividend ETF by 20.0% in the third quarter. Integrated Wealth Concepts LLC now owns 7,359 shares of the company’s stock worth $397,000 after buying an additional 1,228 shares during the period. Carderock Capital Management Inc. purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the third quarter valued at approximately $273,000. JPMorgan Chase & Co. lifted its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 39.8% during the third quarter. JPMorgan Chase & Co. now owns 7,812 shares of the company’s stock valued at $422,000 after purchasing an additional 2,223 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of ALPS O’Shares U.S. Quality Dividend ETF by 87.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 448,143 shares of the company’s stock valued at $23,805,000 after purchasing an additional 209,056 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of ALPS O’Shares U.S. Quality Dividend ETF during the third quarter valued at approximately $90,000.

ALPS O’Shares U.S. Quality Dividend ETF Stock Up 3.6 %

OUSA stock opened at $54.49 on Thursday. The firm’s 50-day simple moving average is $54.04 and its 200 day simple moving average is $53.13. The stock has a market capitalization of $833.76 million, a price-to-earnings ratio of 24.62 and a beta of 0.75.

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.