Beta Wealth Group Inc. Cuts Stake in GMO International Quality ETF $QLTI

Beta Wealth Group Inc. lessened its holdings in shares of GMO International Quality ETF (NYSEARCA:QLTI) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 671,062 shares of the company’s stock after selling 26,875 shares during the period. GMO International Quality ETF accounts for about 7.2% of Beta Wealth Group Inc.’s investment portfolio, making the stock its biggest holding. Beta Wealth Group Inc. owned 6.85% of GMO International Quality ETF worth $17,850,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QLTI. Lazard Asset Management LLC bought a new stake in shares of GMO International Quality ETF during the second quarter valued at approximately $7,095,000. Moneta Group Investment Advisors LLC bought a new stake in shares of GMO International Quality ETF during the fourth quarter valued at approximately $1,221,000. Perigon Wealth Management LLC raised its holdings in shares of GMO International Quality ETF by 24.4% during the fourth quarter. Perigon Wealth Management LLC now owns 178,446 shares of the company’s stock valued at $4,747,000 after buying an additional 34,995 shares during the last quarter. RPS Advisory Solutions LLC bought a new stake in shares of GMO International Quality ETF during the fourth quarter valued at approximately $425,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of GMO International Quality ETF during the fourth quarter valued at approximately $314,000. Institutional investors own 61.01% of the company’s stock.

GMO International Quality ETF Price Performance

NYSEARCA QLTI opened at $26.82 on Friday. GMO International Quality ETF has a 12 month low of $24.21 and a 12 month high of $28.15. The firm has a market capitalization of $289.66 million, a PE ratio of -39.44 and a beta of 0.53. The company’s 50 day simple moving average is $26.10 and its 200 day simple moving average is $26.43.

GMO International Quality ETF Company Profile

The GMO International Quality ETF (QLTI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in non-US equities that the adviser deems to be high quality. The fund focuses on companies with strong cash flows, targeting investments with high return potential. QLTI was launched on Oct 28, 2024 and is issued by GMO.