Beta Wealth Group Inc. Sells 26,875 Shares of GMO International Quality ETF $QLTI

Beta Wealth Group Inc. lessened its stake in shares of GMO International Quality ETF (NYSEARCA:QLTI) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 671,062 shares of the company’s stock after selling 26,875 shares during the period. GMO International Quality ETF accounts for about 7.2% of Beta Wealth Group Inc.’s holdings, making the stock its biggest holding. Beta Wealth Group Inc. owned about 0.07% of GMO International Quality ETF worth $17,850,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of GMO International Quality ETF during the second quarter valued at approximately $7,095,000. Perigon Wealth Management LLC increased its stake in shares of GMO International Quality ETF by 24.4% during the fourth quarter. Perigon Wealth Management LLC now owns 178,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 34,995 shares during the period. Caprock Group LLC grew its position in GMO International Quality ETF by 0.5% in the fourth quarter. Caprock Group LLC now owns 80,549 shares of the company’s stock worth $2,143,000 after buying an additional 424 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new position in GMO International Quality ETF in the fourth quarter worth approximately $1,221,000. Finally, RPS Advisory Solutions LLC acquired a new position in GMO International Quality ETF in the fourth quarter worth approximately $425,000. Institutional investors and hedge funds own 61.01% of the company’s stock.

GMO International Quality ETF Stock Performance

GMO International Quality ETF stock opened at $26.82 on Friday. The firm has a market cap of $289.66 million, a price-to-earnings ratio of -39.44 and a beta of 0.53. GMO International Quality ETF has a 1 year low of $24.21 and a 1 year high of $28.15. The firm’s 50 day moving average price is $26.10 and its two-hundred day moving average price is $26.43.

About GMO International Quality ETF

The GMO International Quality ETF (QLTI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in non-US equities that the adviser deems to be high quality. The fund focuses on companies with strong cash flows, targeting investments with high return potential. QLTI was launched on Oct 28, 2024 and is issued by GMO.