GMO U.S. Quality ETF (NYSEARCA:QLTY) Reaches New 52-Week High – What’s Next?

GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.25 and last traded at $41.23, with a volume of 24037 shares trading hands. The stock had previously closed at $41.02.

GMO U.S. Quality ETF Stock Performance

The business’s fifty day simple moving average is $38.78 and its 200 day simple moving average is $38.58. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 57.57 and a beta of 0.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in shares of GMO U.S. Quality ETF by 174.5% during the first quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 806 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in 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 acquiring an additional 250 shares in the last quarter. Glenmede Trust Co. NA bought a new position in GMO U.S. Quality ETF during the 1st quarter valued at $485,000. Kestra Advisory Services LLC boosted its stake in GMO U.S. Quality ETF by 77.5% during the 1st quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock valued at $539,000 after acquiring an additional 6,510 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in GMO U.S. Quality ETF during the 1st quarter worth $583,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Company Profile

(Get Free Report)

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.

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