GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Unusually-High Trading Volume – Here’s Why

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw an uptick in trading volume on Wednesday. Approximately 528,155 shares traded hands during trading, a decline of 1% from the previous session’s volume of 535,401 shares. The stock last traded at $43.9340 and had previously closed at $44.15.

GMO U.S. Quality ETF Price Performance

The firm has a fifty day simple moving average of $43.16 and a 200 day simple moving average of $41.57. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 61.32 and a beta of 0.97.

GMO U.S. Quality ETF Cuts Dividend

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

Institutional Investors Weigh In On GMO U.S. Quality ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its holdings in GMO U.S. Quality ETF by 1,078.9% in the 1st quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after buying an additional 5,404,269 shares during the last quarter. Modern Wealth Management LLC raised its holdings in shares of GMO U.S. Quality ETF by 11,962.7% during the first 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of GMO U.S. Quality ETF during the second quarter valued at approximately $13,861,000. Prodigy Asset Management LLC raised its holdings in shares of GMO U.S. Quality ETF by 28.4% during the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock valued at $51,376,000 after acquiring an additional 273,297 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of GMO U.S. Quality ETF by 35.7% in the first 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 in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

About GMO U.S. Quality ETF

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.