Integrated Wealth Concepts LLC Buys Shares of 333,041 GMO U.S. Quality ETF $QLTY

Integrated Wealth Concepts LLC bought a new position in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 333,041 shares of the company’s stock, valued at approximately $13,861,000. Integrated Wealth Concepts LLC owned about 0.29% of GMO U.S. Quality ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of QLTY. Royal Bank of Canada increased its stake in shares of GMO U.S. Quality ETF by 174.5% during 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. Sunbelt Securities Inc. grew its holdings 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 buying an additional 250 shares during the last quarter. NewEdge Advisors LLC grew its holdings in GMO U.S. Quality ETF by 32.1% during the 2nd quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock valued at $345,000 after buying an additional 2,014 shares during the last quarter. KFG Wealth Management LLC increased its position in GMO U.S. Quality ETF by 3.3% during the second quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock worth $441,000 after buying an additional 342 shares in the last quarter. Finally, Chemistry Wealth Management LLC increased its position in GMO U.S. Quality ETF by 22.9% during the second quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock worth $500,000 after buying an additional 2,239 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Stock Down 0.6%

NYSEARCA QLTY opened at $42.35 on Thursday. GMO U.S. Quality ETF has a fifty-two week low of $35.15 and a fifty-two week high of $43.70. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 58.82 and a beta of 0.97. The business has a fifty day moving average of $42.33 and a 200-day moving average of $40.35.

GMO U.S. Quality ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a $0.0754 dividend. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. GMO U.S. Quality ETF’s dividend 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.