Triangle Securities Wealth Management Purchases 212,443 Shares of GMO U.S. Quality ETF $QLTY

Triangle Securities Wealth Management lifted its position in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 163.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 342,218 shares of the company’s stock after purchasing an additional 212,443 shares during the quarter. GMO U.S. Quality ETF comprises about 2.8% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 5th biggest position. Triangle Securities Wealth Management owned about 0.28% of GMO U.S. Quality ETF worth $14,650,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in GMO U.S. Quality ETF during the second quarter valued at approximately $13,861,000. HB Wealth Management LLC grew its holdings in GMO U.S. Quality ETF by 13.5% during the 2nd quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock valued at $271,281,000 after buying an additional 796,001 shares in the last quarter. Bank of America Corp DE purchased a new position in GMO U.S. Quality ETF during the 1st quarter valued at approximately $1,863,000. CENTRAL TRUST Co increased its stake 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 worth $29,703,000 after acquiring an additional 215,930 shares during the last quarter. Finally, Colony Family Offices LLC increased its stake in GMO U.S. Quality ETF by 7.9% in the 1st quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock worth $17,653,000 after acquiring an additional 35,746 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

GMO U.S. Quality ETF Price Performance

Shares of QLTY opened at $43.88 on Thursday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 60.94 and a beta of 0.97. GMO U.S. Quality ETF has a 1 year low of $35.15 and a 1 year high of $44.24. The business’s 50 day simple moving average is $43.09 and its 200-day simple moving average is $41.33.

GMO U.S. Quality ETF Cuts Dividend

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