Legacy Financial Advisors Inc. Cuts Stock Position in Natixis Gateway Quality Income ETF $GQI

Legacy Financial Advisors Inc. lowered its holdings in Natixis Gateway Quality Income ETF (NYSEARCA:GQI) by 36.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,174 shares of the company’s stock after selling 131,259 shares during the period. Natixis Gateway Quality Income ETF makes up 1.8% of Legacy Financial Advisors Inc.’s holdings, making the stock its 11th biggest holding. Legacy Financial Advisors Inc. owned approximately 7.33% of Natixis Gateway Quality Income ETF worth $13,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new position in Natixis Gateway Quality Income ETF in the first quarter valued at $126,000. Private Trust Co. NA boosted its holdings in Natixis Gateway Quality Income ETF by 267.8% in the fourth quarter. Private Trust Co. NA now owns 3,645 shares of the company’s stock valued at $208,000 after purchasing an additional 2,654 shares during the period. GoalVest Advisory LLC purchased a new position in Natixis Gateway Quality Income ETF in the fourth quarter valued at $312,000. Gentry Private Wealth LLC purchased a new position in Natixis Gateway Quality Income ETF in the fourth quarter valued at $312,000. Finally, Northwest Financial Advisors purchased a new position in Natixis Gateway Quality Income ETF in the third quarter valued at $310,000.

Natixis Gateway Quality Income ETF Stock Down 0.2%

Shares of NYSEARCA:GQI opened at $58.03 on Wednesday. The firm’s 50 day moving average price is $56.47 and its 200 day moving average price is $56.89. The stock has a market cap of $195.56 million, a price-to-earnings ratio of 26.77 and a beta of 0.73. Natixis Gateway Quality Income ETF has a fifty-two week low of $51.47 and a fifty-two week high of $58.65.

Natixis Gateway Quality Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Monday, March 2nd were issued a $0.4179 dividend. This represents a c) annualized dividend and a 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.