Passing std::shared_ptr to Constructors

Is the following a reasonable and efficient approach with regard to creating Stuff and giving Foo ownership of it?

class Foo
{
    explicit Foo(const std::shared_ptr<Stuff>& myStuff)
        : m_myStuff(myStuff)
    {
    }

    ...

private:
    const std::shared_ptr<Stuff> m_myStuff;
}

std::shared_ptr<Stuff> foosStuff(new Stuff());
Foo f(foosStuff);