GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 52-Week High – Here’s What Happened

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $42.00 and last traded at $41.88, with a volume of 50353 shares trading hands. The stock had previously closed at $41.95.

GMO U.S. Quality ETF Price Performance

The company’s 50-day simple moving average is $41.06 and its 200-day simple moving average is $39.39. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 57.89 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Chemistry Wealth Management LLC boosted its holdings in GMO U.S. Quality ETF by 22.9% in the second quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock valued at $500,000 after purchasing an additional 2,239 shares during the last quarter. Breakwater Capital Group increased its holdings in GMO U.S. Quality ETF by 16.7% during the 2nd quarter. Breakwater Capital Group now owns 28,539 shares of the company’s stock worth $1,188,000 after purchasing an additional 4,090 shares during the last quarter. Sprinkle Financial Consultants LLC increased its holdings in GMO U.S. Quality ETF by 4.5% during the 2nd quarter. Sprinkle Financial Consultants LLC now owns 91,207 shares of the company’s stock worth $3,796,000 after purchasing an additional 3,939 shares during the last quarter. Prodigy Asset Management LLC raised its position 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 valued at $51,376,000 after purchasing an additional 273,297 shares in the last quarter. Finally, Stonehearth Capital Management LLC raised its position in shares of GMO U.S. Quality ETF by 1.5% in the 2nd quarter. Stonehearth Capital Management LLC now owns 447,576 shares of the company’s stock valued at $18,628,000 after purchasing an additional 6,650 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

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.