HB Wealth Management LLC Buys 5,404,269 Shares of GMO U.S. Quality ETF $QLTY

HB Wealth Management LLC lifted its stake in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 1,078.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,905,175 shares of the company’s stock after buying an additional 5,404,269 shares during the period. GMO U.S. Quality ETF makes up approximately 1.4% of HB Wealth Management LLC’s holdings, making the stock its 12th largest holding. HB Wealth Management LLC owned about 0.06% of GMO U.S. Quality ETF worth $213,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QLTY. Aspen Investment Management Inc boosted its holdings in 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 valued at $1,006,000 after acquiring an additional 1,210 shares during the period. Triangle Securities Wealth Management grew its position in 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 during the last quarter. Sprinkle Financial Consultants LLC increased its stake in GMO U.S. Quality ETF by 10.5% in the 1st quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock worth $3,157,000 after purchasing an additional 8,264 shares during the period. Breakwater Capital Group increased its stake in GMO U.S. Quality ETF by 89.8% in the 1st quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after purchasing an additional 11,568 shares during the period. Finally, Kelman Lazarov Inc. lifted its position in GMO U.S. Quality ETF by 4.0% in the first quarter. Kelman Lazarov Inc. now owns 380,573 shares of the company’s stock valued at $13,769,000 after purchasing an additional 14,716 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Stock Performance

Shares of QLTY stock opened at $41.70 on Friday. The company has a market capitalization of $4.70 billion, a P/E ratio of 57.92 and a beta of 0.97. GMO U.S. Quality ETF has a fifty-two week low of $33.56 and a fifty-two week high of $41.95. The stock has a 50 day moving average price of $40.78 and a two-hundred day moving average price of $39.22.

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.