46,673 Shares of GMO U.S. Quality ETF $QLTY Acquired by StoneX Group Inc.

StoneX Group Inc. acquired a new position in GMO U.S. Quality ETF (NYSEARCA:QLTY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 46,673 shares of the company’s stock, valued at approximately $2,000,000.

Other large investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its holdings in GMO U.S. Quality ETF by 6.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 15,603 shares of the company’s stock worth $668,000 after acquiring an additional 990 shares in the last quarter. Hollow Brook Wealth Management LLC raised its stake in GMO U.S. Quality ETF by 5.9% during the 3rd quarter. Hollow Brook Wealth Management LLC now owns 76,981 shares of the company’s stock worth $3,300,000 after acquiring an additional 4,272 shares during the period. Aprio Wealth Management LLC purchased a new position in GMO U.S. Quality ETF during the third quarter valued at approximately $908,000. William Mack & Associates Inc. purchased a new position in GMO U.S. Quality ETF during the third quarter valued at approximately $170,000. Finally, Hartford Financial Management Inc. purchased a new position in GMO U.S. Quality ETF during the third quarter valued at approximately $6,153,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Price Performance

QLTY opened at $43.16 on Monday. The firm has a market cap of $5.39 billion, a P/E ratio of 59.94 and a beta of 0.95. GMO U.S. Quality ETF has a 1-year low of $35.15 and a 1-year high of $44.99. The company has a 50 day simple moving average of $43.33 and a two-hundred day simple moving average of $40.85.

GMO U.S. Quality ETF Cuts Dividend

The company also recently disclosed 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 represents a $0.25 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 30th. This is a negative change from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. GMO U.S. Quality ETF’s payout ratio is 38.89%.

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.