GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Large Volume Increase – Still a Buy?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) saw unusually-high trading volume on Thursday . Approximately 950,817 shares traded hands during trading, an increase of 39% from the previous session’s volume of 684,608 shares.The stock last traded at $39.64 and had previously closed at $39.66.

GMO U.S. Quality ETF Trading Down 0.6%

The business has a 50 day moving average of $37.77 and a 200-day moving average of $38.05. The firm has a market capitalization of $4.04 billion, a P/E ratio of 54.74 and a beta of 0.99.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Breakwater Capital Group grew its stake in shares of GMO U.S. Quality ETF by 89.8% during the 1st quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after acquiring an additional 11,568 shares in the last quarter. Aspen Investment Management Inc grew its stake in shares of GMO U.S. Quality ETF by 4.6% during the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,210 shares in the last quarter. Sprinkle Financial Consultants LLC grew its stake in shares of 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 worth $3,157,000 after acquiring an additional 8,264 shares in the last quarter. Triangle Securities Wealth Management grew its stake in shares of GMO U.S. Quality ETF by 3.5% during the 1st quarter. Triangle Securities Wealth Management now owns 121,885 shares of the company’s stock worth $4,410,000 after acquiring an additional 4,155 shares in the last quarter. Finally, Vicus Capital grew its stake in shares of GMO U.S. Quality ETF by 436.9% during the 1st quarter. Vicus Capital now owns 139,323 shares of the company’s stock worth $5,041,000 after acquiring an additional 113,375 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

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.