HB Wealth Management LLC Boosts Stock Position in GMO U.S. Quality ETF $QLTY

HB Wealth Management LLC grew its position in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 1,078.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,905,175 shares of the company’s stock after purchasing an additional 5,404,269 shares during the quarter. GMO U.S. Quality ETF makes up about 1.4% of HB Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. HB Wealth Management LLC owned 5.70% of GMO U.S. Quality ETF worth $213,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Aspen Investment Management Inc lifted its position in GMO U.S. Quality ETF by 4.6% in the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after buying an additional 1,210 shares during the last quarter. Triangle Securities Wealth Management boosted its stake in GMO U.S. Quality ETF by 3.5% in the first quarter. Triangle Securities Wealth Management now owns 121,885 shares of the company’s stock worth $4,410,000 after buying an additional 4,155 shares in the last quarter. Sprinkle Financial Consultants LLC grew its position in GMO U.S. Quality ETF by 10.5% during the first quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock valued at $3,157,000 after acquiring an additional 8,264 shares during the last quarter. Breakwater Capital Group grew its position in GMO U.S. Quality ETF by 89.8% during the first quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock valued at $885,000 after acquiring an additional 11,568 shares during the last quarter. Finally, Kelman Lazarov Inc. grew its position in GMO U.S. Quality ETF by 4.0% during the first quarter. Kelman Lazarov Inc. now owns 380,573 shares of the company’s stock valued at $13,769,000 after acquiring an additional 14,716 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors.

GMO U.S. Quality ETF Stock Performance

QLTY stock opened at $41.70 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 57.92 and a beta of 0.97. GMO U.S. Quality ETF has a one year low of $33.56 and a one year high of $41.95. The company’s 50 day moving average price is $40.78 and its two-hundred day moving average price is $39.22.

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.