Legacy Solutions LLC Makes New Investment in GMO U.S. Quality ETF $QLTY

Legacy Solutions LLC acquired a new stake in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 27,394 shares of the company’s stock, valued at approximately $1,140,000. GMO U.S. Quality ETF comprises about 0.9% of Legacy Solutions LLC’s investment portfolio, making the stock its 23rd largest position.

Several other large investors have also recently made changes to their positions in QLTY. Parallel Advisors LLC lifted its position in shares of GMO U.S. Quality ETF by 7.6% in the first quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock worth $1,043,000 after buying an additional 2,044 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in GMO U.S. Quality ETF during the 1st quarter valued at approximately $485,000. J. Mark Nickell & Co. grew its holdings in GMO U.S. Quality ETF by 37.0% during the 1st quarter. J. Mark Nickell & Co. now owns 282,802 shares of the company’s stock valued at $10,232,000 after buying an additional 76,381 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in GMO U.S. Quality ETF by 4.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock worth $1,465,000 after acquiring an additional 1,785 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in GMO U.S. Quality ETF in the 1st quarter worth approximately $1,863,000. 85.37% of the stock is owned by institutional investors.

GMO U.S. Quality ETF Stock Performance

Shares of QLTY opened at $42.78 on Wednesday. The stock has a market capitalization of $4.97 billion, a PE ratio of 59.42 and a beta of 0.96. The company’s fifty day moving average is $41.35 and its 200 day moving average is $39.63. GMO U.S. Quality ETF has a fifty-two week low of $33.85 and a fifty-two week high of $42.88.

About GMO U.S. Quality ETF

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.