GMO U.S. Quality ETF (NYSEARCA:QLTY) Sets New 12-Month High – Here’s What Happened

GMO U.S. Quality ETF (NYSEARCA:QLTY) reached a new 52-week high on Monday . The company traded as high as $43.18 and last traded at $43.18, with a volume of 1118 shares traded. The stock had previously closed at $42.86.

GMO U.S. Quality ETF Price Performance

The firm has a 50-day moving average of $41.51 and a 200-day moving average of $39.76. The stock has a market cap of $5.01 billion, a PE ratio of 59.93 and a beta of 0.96.

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

A number of institutional investors have recently added to or reduced their stakes in QLTY. Aspen Investment Management Inc raised its position in shares of GMO U.S. Quality ETF by 4.6% during the first 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 last quarter. Sprinkle Financial Consultants LLC grew its stake in GMO U.S. Quality ETF by 10.5% during the first quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock valued at $3,157,000 after acquiring an additional 8,264 shares in the last quarter. Allegheny Financial Group grew its stake in GMO U.S. Quality ETF by 64.0% during the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after acquiring an additional 156,371 shares in the last quarter. Stonehearth Capital Management LLC grew its stake in GMO U.S. Quality ETF by 4.8% during the first quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock valued at $15,953,000 after acquiring an additional 20,133 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in GMO U.S. Quality ETF by 35.7% in the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock valued at $29,703,000 after acquiring an additional 215,930 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.