GMO U.S. Quality ETF $QLTY Stock: IFG Advisory LLC Grows Position

IFG Advisory LLC lifted its holdings in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 251.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 638,897 shares of the company’s stock after acquiring an additional 457,167 shares during the period. GMO U.S. Quality ETF accounts for approximately 0.9% of IFG Advisory LLC’s investment portfolio, making the stock its 14th biggest holding. IFG Advisory LLC owned approximately 0.51% of GMO U.S. Quality ETF worth $27,351,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in GMO U.S. Quality ETF by 2,089.2% in the third quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock valued at $35,000 after purchasing an additional 773 shares in the last quarter. Royal Bank of Canada raised its holdings in GMO U.S. Quality ETF by 174.5% during the first quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after purchasing an additional 806 shares in the last quarter. William Mack & Associates Inc. purchased a new stake in shares of GMO U.S. Quality ETF during the 3rd quarter worth approximately $170,000. QRG Capital Management Inc. purchased a new stake in shares of GMO U.S. Quality ETF during the 2nd quarter worth approximately $216,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of GMO U.S. Quality ETF by 3.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Price Performance

Shares of GMO U.S. Quality ETF stock traded down $0.09 during trading hours on Friday, hitting $44.22. The company had a trading volume of 1,258,122 shares, compared to its average volume of 891,204. The company’s 50-day moving average is $43.45 and its two-hundred day moving average is $40.97. The company has a market cap of $5.56 billion, a P/E ratio of 61.42 and a beta of 0.95. GMO U.S. Quality ETF has a twelve month low of $35.15 and a twelve month high of $44.99.

GMO U.S. Quality ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.0613 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. The ex-dividend date of this dividend was Wednesday, September 30th. GMO U.S. Quality ETF’s dividend payout ratio is presently 38.89%.

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.