GMO U.S. Quality ETF (NYSEARCA:QLTY – Get Free Report)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $43.58 and last traded at $43.47, with a volume of 42867 shares. The stock had previously closed at $43.43.
GMO U.S. Quality ETF Price Performance
The stock has a fifty day moving average price of $41.99 and a 200 day moving average price of $40.08. The stock has a market capitalization of $5.06 billion, a P/E ratio of 60.43 and a beta of 0.96.
Hedge Funds Weigh In On GMO U.S. Quality ETF
A number of hedge funds and other institutional investors have recently modified their holdings of QLTY. Royal Bank of Canada boosted its stake in shares of GMO U.S. Quality ETF by 174.5% in the 1st 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. Sunbelt Securities Inc. grew its holdings in GMO U.S. Quality ETF by 3.8% during the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after purchasing an additional 250 shares during the period. KFG Wealth Management LLC grew its position in shares of GMO U.S. Quality ETF by 3.3% during the second quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock valued at $441,000 after purchasing an additional 342 shares in the last quarter. Chemistry Wealth Management LLC lifted its holdings in shares of GMO U.S. Quality ETF by 22.9% in the 2nd quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock worth $500,000 after acquiring an additional 2,239 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of GMO U.S. Quality ETF in the first quarter valued at approximately $485,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
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