Paragon Capital Management Ltd Raises Stock Holdings in GMO U.S. Quality ETF $QLTY

Paragon Capital Management Ltd boosted its holdings in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,435 shares of the company’s stock after purchasing an additional 13,614 shares during the quarter. GMO U.S. Quality ETF makes up approximately 3.3% of Paragon Capital Management Ltd’s holdings, making the stock its 10th biggest position. Paragon Capital Management Ltd’s holdings in GMO U.S. Quality ETF were worth $17,828,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QLTY. GAMMA Investing LLC grew 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 valued at $35,000 after acquiring an additional 773 shares in the last quarter. 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 valued at $45,000 after purchasing an additional 806 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of GMO U.S. Quality ETF during the second quarter valued at about $216,000. Sunbelt Securities Inc. increased its holdings 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 worth $245,000 after purchasing an additional 250 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of GMO U.S. Quality ETF by 32.1% in the second quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock worth $345,000 after purchasing an additional 2,014 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Trading Up 0.7%

Shares of NYSEARCA:QLTY traded up $0.29 during mid-day trading on Friday, reaching $43.92. The stock had a trading volume of 262,487 shares, compared to its average volume of 536,447. The business’s 50 day moving average price is $42.96 and its 200 day moving average price is $41.12. GMO U.S. Quality ETF has a 1 year low of $35.15 and a 1 year high of $43.94. The company has a market cap of $5.38 billion, a P/E ratio of 60.99 and a beta of 0.97.

GMO U.S. Quality ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.0613 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a negative change from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. GMO U.S. Quality ETF’s dividend payout ratio is presently 38.89%.

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.