GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 12-Month High – Time to Buy?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) reached a new 52-week high during trading on Monday . The company traded as high as $42.22 and last traded at $42.21, with a volume of 9802 shares. The stock had previously closed at $41.78.

GMO U.S. Quality ETF Stock Performance

The company’s 50-day moving average price is $41.29 and its two-hundred day moving average price is $39.59. The stock has a market cap of $4.91 billion, a PE ratio of 58.60 and a beta of 0.97.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in GMO U.S. Quality ETF by 3.8% during the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after purchasing an additional 250 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 purchasing an additional 806 shares in the last quarter. Aspen Investment Management Inc increased its position 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 purchasing an additional 1,210 shares during the last quarter. Arete Wealth Advisors LLC increased its position in shares of GMO U.S. Quality ETF by 4.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,785 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of GMO U.S. Quality ETF by 7.6% during the 1st quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock valued at $1,043,000 after buying an additional 2,044 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

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.