GMO U.S. Quality ETF $QLTY is Stonehearth Capital Management LLC’s 6th Largest Position

Stonehearth Capital Management LLC raised its stake in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 4.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 440,926 shares of the company’s stock after purchasing an additional 20,133 shares during the period. GMO U.S. Quality ETF accounts for about 6.3% of Stonehearth Capital Management LLC’s holdings, making the stock its 6th biggest position. Stonehearth Capital Management LLC’s holdings in GMO U.S. Quality ETF were worth $15,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Aspen Investment Management Inc grew its holdings in shares of GMO U.S. Quality ETF by 4.6% during the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock valued at $1,006,000 after acquiring an additional 1,210 shares in the last quarter. Sprinkle Financial Consultants LLC raised its holdings in shares of GMO U.S. Quality ETF by 10.5% during the first quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock worth $3,157,000 after acquiring an additional 8,264 shares in the last quarter. Finally, Allegheny Financial Group boosted its position in GMO U.S. Quality ETF by 64.0% during the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after purchasing an additional 156,371 shares during the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Price Performance

Shares of NYSEARCA QLTY opened at $40.53 on Wednesday. The business’s 50-day moving average price is $40.46 and its two-hundred day moving average price is $39.07. GMO U.S. Quality ETF has a one year low of $33.41 and a one year high of $41.90. The company has a market capitalization of $4.21 billion, a P/E ratio of 56.29 and a beta of 0.98.

GMO U.S. Quality ETF Company Profile

The GMO U.S. Quality ETF (QLTY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that focuses on equities of high-quality US companies. The funds investments may include companies of any market capitalization. QLTY was launched on Nov 13, 2023 and is issued by GMO.