SPDR MSCI USA StrategicFactors ETF (QUS) Remains Strong Despite Recent Dip
The SPDR MSCI USA StrategicFactors ETF (QUS) has performed excellently so far this year and remains strong despite the recent tip,
QUS Remains a Strong ETF
The SPDR MSCI USA StrategicFactors ETF (QUS) is a smart beta fund designed to offer investors broad exposure to the Style Box – Large Cap Blend category of the US stock market. The ETF has been around since 2015 and is managed by State Street Global Advisors.
QUS currently has more than $1 billion in assets under management and is designed to match the performance of the MSCI USA Factor Mix A-Series Index prior to the fees and expenses. The index measures the stock market performance of large and medium cap companies across the US equity market. QUS aims to represent the performance of three factors, including low volatility, quality and value.
The ETF has performed excellently since the start of the year, adding more than 23% to its value. However, QUS is down by less than 1% over the past 24 hours and is currently trading above the $127 level.
QUS Could Rally Towards $140
Despite its recent performance, QUS remains one of the top ETFs in its category. It has the heaviest allocation in the information technology sector, followed by healthcare and financial services.
QUS has an operating expense of 0.15%, making it one of the least expensive funds in the space. Its 12-month trailing dividend yield is 1.39%. The ETF could rally higher over the coming weeks and could reach the $140 mark before the end of the year.
The fund has its highest individual holdings as Microsoft Corporation (MSFT), with Apple Inc. (AAPL) and Johnson & Johnson (JNJ) concluding the top three. With these companies as its biggest holdings, QUS’s value could surge higher over the coming weeks and months.
Since the start of the year, QUS has added 23% to its value, while its 52-week performance sees the fund rally by nearly 29%.