46,673 Shares of GMO U.S. Quality ETF $QLTY Acquired by StoneX Group Inc.

StoneX Group Inc. acquired a new position in GMO U.S. Quality ETF (NYSEARCA:QLTY) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 46,673 shares of the company’s stock, valued at approximately $2,000,000.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 773 shares in the last quarter. Royal Bank of Canada lifted 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 worth $45,000 after purchasing an additional 806 shares in the last quarter. William Mack & Associates Inc. purchased a new position in GMO U.S. Quality ETF in the 3rd quarter worth approximately $170,000. QRG Capital Management Inc. bought a new position in GMO U.S. Quality ETF in the 2nd quarter worth approximately $216,000. Finally, Sunbelt Securities Inc. boosted its stake in GMO U.S. Quality ETF by 3.8% in the 1st 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 period. Institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Price Performance

Shares of QLTY opened at $43.16 on Monday. GMO U.S. Quality ETF has a 1 year low of $35.15 and a 1 year high of $44.99. The company has a 50 day simple moving average of $43.33 and a two-hundred day simple moving average of $40.85. The firm has a market cap of $5.39 billion, a P/E ratio of 59.94 and a beta of 0.95.

GMO U.S. Quality ETF Cuts Dividend

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

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.