Ridgeline Wealth LLC Makes New Investment in American Century U.S. Quality Growth ETF $QGRO

Ridgeline Wealth LLC purchased a new stake in shares of American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 75,375 shares of the company’s stock, valued at approximately $8,898,000. American Century U.S. Quality Growth ETF accounts for about 5.1% of Ridgeline Wealth LLC’s holdings, making the stock its 6th biggest holding. Ridgeline Wealth LLC owned 0.44% of American Century U.S. Quality Growth ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in American Century U.S. Quality Growth ETF by 202.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 785,693 shares of the company’s stock valued at $89,978,000 after acquiring an additional 525,662 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of American Century U.S. Quality Growth ETF by 58.4% during the 2nd quarter. Raymond James Financial Inc. now owns 747,648 shares of the company’s stock valued at $81,583,000 after purchasing an additional 275,696 shares during the last quarter. LPL Financial LLC lifted its stake in shares of American Century U.S. Quality Growth ETF by 11.5% in the 4th quarter. LPL Financial LLC now owns 2,388,338 shares of the company’s stock worth $273,512,000 after purchasing an additional 246,445 shares during the period. WorthPointe LLC bought a new stake in American Century U.S. Quality Growth ETF during the second quarter valued at approximately $27,064,000. Finally, Nwam LLC purchased a new stake in American Century U.S. Quality Growth ETF during the second quarter valued at approximately $17,857,000.

American Century U.S. Quality Growth ETF Trading Down 0.1%

QGRO opened at $118.49 on Friday. The firm’s 50 day simple moving average is $117.03 and its two-hundred day simple moving average is $113.50. The company has a market capitalization of $2.03 billion, a PE ratio of 32.09 and a beta of 1.09. American Century U.S. Quality Growth ETF has a 1-year low of $101.04 and a 1-year high of $121.01.

American Century U.S. Quality Growth ETF Profile

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks. Holdings are selected and weighted by growth and quality factors. QGRO was launched on Sep 10, 2018 and is managed by American Century Investments.