GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 1-Year High – What’s Next?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) reached a new 52-week high during trading on Thursday . The stock traded as high as $41.92 and last traded at $41.90, with a volume of 11322 shares changing hands. The stock had previously closed at $41.68.

GMO U.S. Quality ETF Stock Performance

The business’s fifty day moving average price is $40.78 and its two-hundred day moving average price is $39.22. The firm has a market capitalization of $4.70 billion, a P/E ratio of 57.92 and a beta of 0.97.

Institutional Investors Weigh In On GMO U.S. Quality ETF

Institutional investors have recently bought and sold shares of the company. HB Wealth Management LLC grew its holdings in GMO U.S. Quality ETF by 1,078.9% in the first quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after purchasing an additional 5,404,269 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of GMO U.S. Quality ETF by 3.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock valued at $94,011,000 after purchasing an additional 96,253 shares during the last quarter. Modern Wealth Management LLC boosted its position in shares of GMO U.S. Quality ETF by 11,962.7% in the 1st quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock worth $38,073,000 after purchasing an additional 1,031,906 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of GMO U.S. Quality ETF by 35.7% in the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after purchasing an additional 215,930 shares in the last quarter. Finally, Colony Family Offices LLC grew its stake in GMO U.S. Quality ETF by 7.9% during the 1st quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock worth $17,653,000 after buying an additional 35,746 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

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.