Janney Montgomery Scott LLC Lowers Holdings in GMO U.S. Quality ETF $QLTY

Janney Montgomery Scott LLC trimmed its stake in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 18.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,503 shares of the company’s stock after selling 13,180 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of GMO U.S. Quality ETF worth $2,117,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Aspen Investment Management Inc increased its holdings in shares of GMO U.S. Quality ETF by 4.6% during the first quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock valued at $1,006,000 after acquiring an additional 1,210 shares in the last quarter. Sprinkle Financial Consultants LLC grew its position in GMO U.S. Quality ETF by 10.5% during the 1st quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock valued at $3,157,000 after purchasing an additional 8,264 shares during the last quarter. Allegheny Financial Group raised its holdings in GMO U.S. Quality ETF by 64.0% in the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock worth $14,492,000 after buying an additional 156,371 shares during the last quarter. Stonehearth Capital Management LLC raised its holdings in GMO U.S. Quality ETF by 4.8% in the first quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock worth $15,953,000 after buying an additional 20,133 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake 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 worth $29,703,000 after buying an additional 215,930 shares in the last quarter. 85.37% of the stock is owned by institutional investors.

GMO U.S. Quality ETF Stock Down 0.5%

NYSEARCA:QLTY opened at $41.46 on Thursday. GMO U.S. Quality ETF has a 52 week low of $33.56 and a 52 week high of $41.99. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 57.58 and a beta of 0.97. The company’s 50 day moving average price is $40.90 and its 200-day moving average price is $39.30.

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.