333,041 Shares in GMO U.S. Quality ETF $QLTY Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC bought a new position in GMO U.S. Quality ETF (NYSEARCA:QLTY) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 333,041 shares of the company’s stock, valued at approximately $13,861,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in 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 acquiring an additional 806 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of 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 worth $245,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of GMO U.S. Quality ETF by 32.1% in the second quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock valued at $345,000 after purchasing an additional 2,014 shares during the period. KFG Wealth Management LLC grew its position in shares of GMO U.S. Quality ETF by 3.3% in 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 during the period. Finally, Glenmede Trust Co. NA purchased a new stake in shares of GMO U.S. Quality ETF in the first quarter valued at $485,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Trading Down 0.6%

GMO U.S. Quality ETF stock opened at $42.35 on Thursday. The stock has a fifty day moving average price of $42.33 and a 200 day moving average price of $40.35. GMO U.S. Quality ETF has a 52 week low of $35.15 and a 52 week high of $43.70. The firm has a market capitalization of $4.92 billion, a P/E ratio of 58.82 and a beta of 0.97.

GMO U.S. Quality ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.0754 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. GMO U.S. Quality ETF’s dividend payout ratio is currently 40.28%.

GMO U.S. Quality ETF 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.