GMO U.S. Quality ETF (NYSEARCA:QLTY) Trading 0.9% Higher – Should You Buy?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) traded up 0.9% on Wednesday . The company traded as high as $39.66 and last traded at $39.66. 458,549 shares traded hands during trading, a decline of 34% from the average session volume of 692,699 shares. The stock had previously closed at $39.29.

GMO U.S. Quality ETF Stock Up 0.7%

The company has a market cap of $4.08 billion, a P/E ratio of 55.31 and a beta of 0.99. The business has a 50-day moving average price of $37.82 and a two-hundred day moving average price of $38.08.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vicus Capital raised its position in shares of GMO U.S. Quality ETF by 436.9% during the first quarter. Vicus Capital now owns 139,323 shares of the company’s stock worth $5,041,000 after acquiring an additional 113,375 shares during the last quarter. Colony Family Offices LLC raised its position in shares of GMO U.S. Quality ETF by 7.9% during the first quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock worth $17,653,000 after acquiring an additional 35,746 shares during the last quarter. Triangle Securities Wealth Management raised its position in shares of GMO U.S. Quality ETF by 3.5% during the first quarter. Triangle Securities Wealth Management now owns 121,885 shares of the company’s stock worth $4,410,000 after acquiring an additional 4,155 shares during the last quarter. Breakwater Capital Group raised its position in shares of GMO U.S. Quality ETF by 89.8% during the first quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after acquiring an additional 11,568 shares during the last quarter. Finally, Apella Capital LLC bought a new stake in shares of GMO U.S. Quality ETF during the first quarter worth $6,801,000. Institutional investors own 85.37% of the company’s stock.

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.