GMO U.S. Quality ETF (NYSEARCA:QLTY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $43.35 and traded as high as $44.34. GMO U.S. Quality ETF shares last traded at $44.24, with a volume of 40,627,668 shares traded.

GMO U.S. Quality ETF Stock Performance

The business’s 50 day moving average price is $43.41 and its two-hundred day moving average price is $40.92. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 61.76 and a beta of 0.95.

GMO U.S. Quality ETF Cuts Dividend

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

Institutional Investors Weigh In On GMO U.S. Quality ETF

A number of institutional investors have recently added to or reduced their stakes in QLTY. Integrated Wealth Concepts LLC bought a new stake in shares of GMO U.S. Quality ETF in the 2nd quarter worth $13,861,000. HB Wealth Management LLC lifted its holdings in shares of GMO U.S. Quality ETF by 13.5% in the second quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock valued at $271,281,000 after buying an additional 796,001 shares during the period. Bank of America Corp DE acquired a new stake in shares of GMO U.S. Quality ETF in the first quarter valued at $1,863,000. Aprio Wealth Management LLC acquired a new stake in shares of GMO U.S. Quality ETF in the third quarter valued at $908,000. Finally, Sprinkle Financial Consultants LLC boosted its stake in GMO U.S. Quality ETF by 17.0% during the third quarter. Sprinkle Financial Consultants LLC now owns 106,690 shares of the company’s stock valued at $4,567,000 after buying an additional 15,483 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

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.