GMO U.S. Quality ETF $QLTY Stake Lifted by Paragon Capital Management Ltd

Paragon Capital Management Ltd increased its position in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 416,435 shares of the company’s stock after purchasing an additional 13,614 shares during the quarter. GMO U.S. Quality ETF makes up about 3.3% of Paragon Capital Management Ltd’s investment portfolio, making the stock its 10th largest holding. Paragon Capital Management Ltd owned about 0.34% of GMO U.S. Quality ETF worth $17,828,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Breakwater Capital Group lifted its position in GMO U.S. Quality ETF by 14.5% during the third quarter. Breakwater Capital Group now owns 32,686 shares of the company’s stock valued at $1,399,000 after buying an additional 4,147 shares during the period. GAMMA Investing LLC increased its stake in shares of GMO U.S. Quality ETF by 2,089.2% in the 3rd quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock worth $35,000 after acquiring an additional 773 shares in the last quarter. Wealth Enhancement Trust Services Inc. lifted its position in GMO U.S. Quality ETF by 34.3% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 19,771 shares of the company’s stock valued at $846,000 after acquiring an additional 5,049 shares during the period. QRG Capital Management Inc. purchased a new position in GMO U.S. Quality ETF during the 2nd quarter valued at about $216,000. Finally, Integrated Wealth Concepts LLC bought a new stake in GMO U.S. Quality ETF during the second quarter worth about $13,861,000. 85.37% of the stock is currently owned by institutional investors.

GMO U.S. Quality ETF Price Performance

QLTY stock traded up $0.29 on Friday, reaching $43.92. 262,487 shares of the company traded hands, compared to its average volume of 536,447. The firm has a fifty day simple moving average of $42.96 and a 200-day simple moving average of $41.12. The company has a market cap of $5.38 billion, a P/E ratio of 60.99 and a beta of 0.97. GMO U.S. Quality ETF has a one year low of $35.15 and a one year high of $43.94.

GMO U.S. Quality ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.0613 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. 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. GMO U.S. Quality ETF’s payout ratio is presently 38.89%.

About GMO U.S. Quality ETF

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.