GMO U.S. Quality ETF $QLTY Stock Purchased by IFG Advisory LLC

IFG Advisory LLC increased its position in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 251.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 638,897 shares of the company’s stock after buying an additional 457,167 shares during the quarter. GMO U.S. Quality ETF comprises 0.9% of IFG Advisory LLC’s investment portfolio, making the stock its 14th biggest holding. IFG Advisory LLC’s holdings in GMO U.S. Quality ETF were worth $27,351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in GMO U.S. Quality ETF by 30.7% during the third quarter. Allworth Financial LP now owns 7,970,097 shares of the company’s stock worth $331,715,000 after buying an additional 1,872,772 shares during the period. Modern Wealth Management LLC boosted its holdings in shares of GMO U.S. Quality ETF by 11,962.7% in the first quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock valued at $38,073,000 after acquiring an additional 1,031,906 shares during the period. HB Wealth Management LLC boosted its holdings in shares of GMO U.S. Quality ETF by 13.5% in the second quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock valued at $271,281,000 after acquiring an additional 796,001 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of GMO U.S. Quality ETF during the second quarter worth approximately $13,861,000. Finally, Prodigy Asset Management LLC grew its position in shares of GMO U.S. Quality ETF by 28.4% during the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after acquiring an additional 273,297 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Trading Down 0.2%

Shares of GMO U.S. Quality ETF stock traded down $0.09 during trading on Friday, reaching $44.22. The company’s stock had a trading volume of 1,258,122 shares, compared to its average volume of 891,204. The company has a 50-day moving average price of $43.45 and a two-hundred day moving average price of $40.97. The firm has a market cap of $5.56 billion, a PE ratio of 61.42 and a beta of 0.95. GMO U.S. Quality ETF has a fifty-two week low of $35.15 and a fifty-two week high of $44.99.

GMO U.S. Quality ETF Cuts Dividend

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