GMO U.S. Quality ETF (NYSEARCA:QLTY – Get Free Report) saw an uptick in trading volume on Monday . Approximately 1,309,255 shares were traded during mid-day trading, an increase of 130% from the previous session’s volume of 570,226 shares.The stock last traded at $42.91 and had previously closed at $43.25.
GMO U.S. Quality ETF Stock Down 0.9%
The business’s 50-day moving average price is $41.64 and its 200 day moving average price is $39.84. The company has a market capitalization of $4.98 billion, a P/E ratio of 59.54 and a beta of 0.96.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. HB Wealth Management LLC increased its holdings in shares of GMO U.S. Quality ETF by 1,078.9% in the first quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after purchasing an additional 5,404,269 shares during the period. Lazard Asset Management LLC grew its position in GMO U.S. Quality ETF by 3.8% during the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock worth $94,011,000 after buying an additional 96,253 shares in the last quarter. Prodigy Asset Management LLC increased its stake in GMO U.S. Quality ETF by 28.4% in the 2nd quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after acquiring an additional 273,297 shares during the last quarter. Modern Wealth Management LLC raised its holdings in shares of GMO U.S. Quality ETF by 11,962.7% in the 1st quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock valued at $38,073,000 after acquiring an additional 1,031,906 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of GMO U.S. Quality ETF by 35.7% during the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock valued at $29,703,000 after acquiring an additional 215,930 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 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.
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