Nicholas Hoffman & Company LLC. Invests $1.17 Million in GMO U.S. Quality ETF $QLTY

Nicholas Hoffman & Company LLC. bought a new position in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,310 shares of the company’s stock, valued at approximately $1,169,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HB Wealth Management LLC grew its position in GMO U.S. Quality ETF by 1,078.9% during the 1st quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after purchasing an additional 5,404,269 shares during the period. CENTRAL TRUST Co boosted its stake in shares of GMO U.S. Quality ETF by 35.7% in the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after buying an additional 215,930 shares during the last quarter. Colony Family Offices LLC grew its holdings in GMO U.S. Quality ETF by 7.9% during the first quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock worth $17,653,000 after acquiring an additional 35,746 shares during the period. Stonehearth Capital Management LLC raised its position in GMO U.S. Quality ETF by 4.8% during the first quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock valued at $15,953,000 after acquiring an additional 20,133 shares in the last quarter. Finally, Allegheny Financial Group raised its position in GMO U.S. Quality ETF by 64.0% during the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after acquiring an additional 156,371 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Trading Down 0.1%

GMO U.S. Quality ETF stock opened at $41.66 on Wednesday. The firm has a market cap of $4.70 billion, a PE ratio of 57.86 and a beta of 0.97. GMO U.S. Quality ETF has a 12 month low of $33.56 and a 12 month high of $41.99. The stock’s 50 day simple moving average is $40.86 and its two-hundred day simple moving average is $39.28.

GMO U.S. Quality ETF Company 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.