Quantinno Capital Management LP Acquires New Shares in GMO U.S. Quality ETF $QLTY

Quantinno Capital Management LP acquired a new position in GMO U.S. Quality ETF (NYSEARCA:QLTY) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 16,113 shares of the company’s stock, valued at approximately $583,000.

Other hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC raised its holdings in GMO U.S. Quality ETF by 77.5% during the first quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock valued at $539,000 after buying an additional 6,510 shares in the last quarter. Breakwater Capital Group boosted its stake in shares of GMO U.S. Quality ETF by 89.8% during the 1st quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after acquiring an additional 11,568 shares in the last quarter. Aspen Investment Management Inc boosted its stake in shares of GMO U.S. Quality ETF by 4.6% during the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,210 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of GMO U.S. Quality ETF by 7.6% during the 1st quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock valued at $1,043,000 after acquiring an additional 2,044 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. acquired a new position in shares of GMO U.S. Quality ETF during the 1st quarter valued at about $1,169,000. 85.37% of the stock is owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Stock Performance

Shares of QLTY stock opened at $43.02 on Thursday. The stock’s 50 day simple moving average is $41.76 and its 200 day simple moving average is $39.90. GMO U.S. Quality ETF has a twelve month low of $34.36 and a twelve month high of $43.52. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 59.75 and a beta of 0.96.

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.