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 on Monday. The company traded as high as $44.08 and last traded at $44.0780, with a volume of 15,182 shares changing hands. The stock had previously closed at $43.92.

GMO U.S. Quality ETF Stock Down 0.1%

The stock has a fifty day moving average of $43.06 and a 200-day moving average of $41.28. The firm has a market capitalization of $5.41 billion, a P/E ratio of 61.24 and a beta of 0.97.

GMO U.S. Quality ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.0613 dividend. This represents a $0.25 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 30th. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. GMO U.S. Quality ETF’s dividend payout ratio is 38.89%.

Hedge Funds Weigh In On GMO U.S. Quality ETF

Institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC grew its stake in shares of 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. Lazard Asset Management LLC increased its holdings in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock valued at $94,011,000 after purchasing an additional 96,253 shares in the last quarter. Prodigy Asset Management LLC increased its holdings in shares of GMO U.S. Quality ETF by 28.4% in the second 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. Modern Wealth Management LLC raised its position in GMO U.S. Quality ETF by 11,962.7% in the 1st quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock worth $38,073,000 after purchasing an additional 1,031,906 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in GMO U.S. Quality ETF by 35.7% in the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after purchasing an additional 215,930 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

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.