Modern Wealth Management LLC Acquires 1,031,906 Shares of GMO U.S. Quality ETF $QLTY

Modern Wealth Management LLC raised its holdings in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 11,962.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,040,532 shares of the company’s stock after acquiring an additional 1,031,906 shares during the quarter. Modern Wealth Management LLC’s holdings in GMO U.S. Quality ETF were worth $38,073,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Aspen Investment Management Inc raised its holdings 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 valued at $1,006,000 after purchasing an additional 1,210 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of GMO U.S. Quality ETF by 7.6% in the 1st quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock valued at $1,043,000 after purchasing an additional 2,044 shares during the last quarter. Madison Asset Management LLC boosted its holdings in GMO U.S. Quality ETF by 1.3% in the first quarter. Madison Asset Management LLC now owns 185,944 shares of the company’s stock worth $6,727,000 after purchasing an additional 2,397 shares in the last quarter. Triangle Securities Wealth Management boosted its holdings 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 purchasing an additional 4,155 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in GMO U.S. Quality ETF by 77.5% during the first quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock worth $539,000 after buying an additional 6,510 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

GMO U.S. Quality ETF Price Performance

NYSEARCA QLTY opened at $40.84 on Friday. GMO U.S. Quality ETF has a fifty-two week low of $33.56 and a fifty-two week high of $42.06. The stock’s 50-day moving average is $41.21 and its two-hundred day moving average is $39.52. The firm has a market cap of $4.74 billion, a P/E ratio of 56.72 and a beta of 0.97.

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.