Allworth Financial LP Lowers Stock Position in GMO U.S. Quality ETF $QLTY

Allworth Financial LP lessened its holdings in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 26.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,097,325 shares of the company’s stock after selling 2,177,852 shares during the period. GMO U.S. Quality ETF comprises about 1.1% of Allworth Financial LP’s portfolio, making the stock its 17th largest holding. Allworth Financial LP owned 5.25% of GMO U.S. Quality ETF worth $253,771,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada boosted its holdings in GMO U.S. Quality ETF by 174.5% in the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 806 shares during the last quarter. Sunbelt Securities Inc. grew its stake in GMO U.S. Quality ETF by 3.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after acquiring an additional 250 shares in the last quarter. KFG Wealth Management LLC raised its holdings in GMO U.S. Quality ETF by 3.3% in the 2nd quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock valued at $441,000 after acquiring an additional 342 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in GMO U.S. Quality ETF in the 1st quarter worth approximately $485,000. Finally, Chemistry Wealth Management LLC boosted its holdings in shares of GMO U.S. Quality ETF by 22.9% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock worth $500,000 after purchasing an additional 2,239 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

GMO U.S. Quality ETF Price Performance

Shares of NYSEARCA:QLTY traded down $0.44 during midday trading on Tuesday, hitting $42.60. The company had a trading volume of 229,014 shares, compared to its average volume of 557,114. GMO U.S. Quality ETF has a twelve month low of $35.15 and a twelve month high of $43.70. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 59.17 and a beta of 0.97. The business’s 50-day simple moving average is $42.30 and its 200-day simple moving average is $40.30.

GMO U.S. Quality ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.0754 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. This is a boost from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. GMO U.S. Quality ETF’s payout ratio is presently 40.28%.

GMO U.S. Quality ETF 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.