GMO U.S. Quality ETF $QLTY Stock: CENTRAL TRUST Co Boosts Stake

CENTRAL TRUST Co lifted its holdings in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 3.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 837,314 shares of the company’s stock after purchasing an additional 28,453 shares during the quarter. CENTRAL TRUST Co owned 0.67% of GMO U.S. Quality ETF worth $35,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Modern Wealth Management LLC raised its stake in GMO U.S. Quality ETF by 11,962.7% during the first quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock valued at $38,073,000 after purchasing an additional 1,031,906 shares in the last quarter. HB Wealth Management LLC lifted its position in GMO U.S. Quality ETF by 13.5% during the second quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock valued at $271,281,000 after purchasing an additional 796,001 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in GMO U.S. Quality ETF during the second quarter valued at $13,861,000. Prodigy Asset Management LLC grew its stake in shares of GMO U.S. Quality ETF by 28.4% in the 2nd quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after buying an additional 273,297 shares in the last quarter. Finally, Triangle Securities Wealth Management grew its stake in shares of GMO U.S. Quality ETF by 163.7% in the 3rd quarter. Triangle Securities Wealth Management now owns 342,218 shares of the company’s stock worth $14,650,000 after buying an additional 212,443 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Stock Up 0.5%

GMO U.S. Quality ETF stock opened at $44.47 on Thursday. The company’s 50-day moving average price is $43.41 and its 200-day moving average price is $40.92. GMO U.S. Quality ETF has a twelve month low of $35.15 and a twelve month high of $44.99. The company has a market cap of $5.59 billion, a PE ratio of 61.76 and a beta of 0.95.

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 issued a $0.0613 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.6%. 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. GMO U.S. Quality ETF’s payout ratio is 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.