Horizon Wealth Management LLC Purchases Shares of 862,258 Natixis Gateway Quality Income ETF $GQI

Horizon Wealth Management LLC purchased a new stake in Natixis Gateway Quality Income ETF (NYSEARCA:GQI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 862,258 shares of the company’s stock, valued at approximately $49,205,000. Natixis Gateway Quality Income ETF accounts for 7.6% of Horizon Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Horizon Wealth Management LLC owned approximately 27.46% of Natixis Gateway Quality Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GQI. Dakota Wealth Management purchased a new stake in Natixis Gateway Quality Income ETF in the 4th quarter valued at about $6,771,000. Jane Street Group LLC purchased a new stake in Natixis Gateway Quality Income ETF in the 1st quarter valued at about $1,268,000. Legacy Financial Advisors Inc. grew its holdings in Natixis Gateway Quality Income ETF by 6.1% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 361,433 shares of the company’s stock valued at $20,258,000 after buying an additional 20,671 shares during the period. DAVENPORT & Co LLC grew its holdings in Natixis Gateway Quality Income ETF by 12.6% in the 4th quarter. DAVENPORT & Co LLC now owns 132,023 shares of the company’s stock valued at $7,534,000 after buying an additional 14,786 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Natixis Gateway Quality Income ETF in the 3rd quarter valued at about $605,000.

Natixis Gateway Quality Income ETF Price Performance

GQI opened at $58.19 on Monday. The stock has a market capitalization of $196.10 million, a price-to-earnings ratio of 26.77 and a beta of 0.73. The business has a 50-day moving average of $56.45 and a two-hundred day moving average of $56.84. Natixis Gateway Quality Income ETF has a 12 month low of $50.95 and a 12 month high of $58.65.

Natixis Gateway Quality Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Monday, March 2nd were paid a $0.4179 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Monday, March 2nd.

Natixis Gateway Quality Income ETF Company Profile

The Natixis Gateway Quality Income ETF (GQI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, aiming for total returns by investing in US large- and mid-cap stocks deemed high-quality while enhancing income through ELNs. GQI was launched on Dec 13, 2023 and is issued by Natixis.