GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 52-Week High – Should You Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTY) reached a new 52-week high during trading on Wednesday . The company traded as high as $40.71 and last traded at $40.71, with a volume of 2227199 shares. The stock had previously closed at $40.27.

GMO U.S. Quality ETF Price Performance

The stock has a market capitalization of $4.23 billion, a PE ratio of 56.54 and a beta of 0.99. The business has a 50 day moving average price of $38.33 and a 200 day moving average price of $38.42.

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

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