GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Strong Trading Volume – What’s Next?

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw unusually-high trading volume on Wednesday. Approximately 528,155 shares traded hands during trading, a decline of 1% from the previous session’s volume of 535,401 shares. The stock last traded at $43.9340 and had previously closed at $44.15.

GMO U.S. Quality ETF Stock Performance

The company has a 50 day moving average of $43.16 and a 200 day moving average of $41.57. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 61.32 and a beta of 0.97.

GMO U.S. Quality ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0613 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is a negative change from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.6%. GMO U.S. Quality ETF’s payout ratio is currently 38.89%.

Institutional Investors Weigh In On GMO U.S. Quality ETF

Hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its stake in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after buying an additional 250 shares in the last quarter. KFG Wealth Management LLC boosted its position in 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 worth $441,000 after acquiring an additional 342 shares during the last quarter. GAMMA Investing LLC boosted its position in GMO U.S. Quality ETF by 2,089.2% during the third quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock worth $35,000 after acquiring an additional 773 shares during the last quarter. Royal Bank of Canada grew its stake in GMO U.S. Quality ETF by 174.5% during 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 in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in GMO U.S. Quality ETF by 4.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock valued at $1,465,000 after acquiring an additional 1,785 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

About GMO U.S. Quality ETF

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.