GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 12-Month High – What’s Next?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) reached a new 52-week high during mid-day trading on Monday. The company traded as high as $44.37 and last traded at $43.9540, with a volume of 428,542 shares trading hands. The stock had previously closed at $43.88.

GMO U.S. Quality ETF Stock Up 0.3%

The company has a 50-day moving average price of $43.13 and a 200-day moving average price of $41.46. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 61.05 and a beta of 0.97.

GMO U.S. Quality ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.0613 dividend. The ex-dividend date was Wednesday, September 30th. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. GMO U.S. Quality ETF’s dividend payout ratio is 38.89%.

Institutional Trading of GMO U.S. Quality ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after purchasing an additional 250 shares in the last quarter. KFG Wealth Management LLC boosted its stake in GMO U.S. Quality ETF by 3.3% during the second quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock worth $441,000 after buying an additional 342 shares in the last quarter. GAMMA Investing LLC boosted its stake in GMO U.S. Quality ETF by 2,089.2% during the third quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock worth $35,000 after buying an additional 773 shares in the last quarter. Royal Bank of Canada increased its holdings in GMO U.S. Quality ETF by 174.5% in the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 806 shares during the period. Finally, Aspen Investment Management Inc increased its holdings in GMO U.S. Quality ETF by 4.6% in the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock valued at $1,006,000 after buying an additional 1,210 shares during the period. 85.37% of the stock is currently owned by institutional investors.

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.