GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Large Volume Increase – Here’s Why

GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) shares saw unusually-high trading volume on Friday . Approximately 2,818,565 shares changed hands during trading, an increase of 327% from the previous session’s volume of 660,789 shares.The stock last traded at $41.51 and had previously closed at $41.45.

GMO U.S. Quality ETF Trading Up 0.2%

The company has a 50-day moving average of $38.96 and a 200-day moving average of $38.64. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 57.67 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in 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 valued at $45,000 after purchasing an additional 806 shares in the last quarter. Sunbelt Securities Inc. increased its stake 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 purchasing an additional 250 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in GMO U.S. Quality ETF during the 1st quarter valued at approximately $485,000. Kestra Advisory Services LLC increased its stake in GMO U.S. Quality ETF by 77.5% during the 1st quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock valued at $539,000 after purchasing an additional 6,510 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in GMO U.S. Quality ETF during the 1st quarter valued at approximately $583,000. 85.37% of the stock is owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Company Profile

(Get Free Report)

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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