GMO U.S. Quality ETF $QLTY Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC grew its stake in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,701,176 shares of the company’s stock after acquiring an additional 796,001 shares during the quarter. GMO U.S. Quality ETF comprises approximately 1.5% of HB Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. HB Wealth Management LLC owned approximately 0.06% of GMO U.S. Quality ETF worth $271,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Modern Wealth Management LLC raised its stake 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 valued at $38,073,000 after purchasing an additional 1,031,906 shares during the last quarter. Prodigy Asset Management LLC grew its holdings in shares of GMO U.S. Quality ETF by 28.4% during the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after buying an additional 273,297 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of GMO U.S. Quality ETF by 35.7% during the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after buying an additional 215,930 shares in the last quarter. Apella Capital LLC acquired a new position in shares of GMO U.S. Quality ETF in the first quarter valued at approximately $6,801,000. Finally, Allegheny Financial Group raised its position in shares of GMO U.S. Quality ETF by 64.0% in the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after buying an additional 156,371 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

GMO U.S. Quality ETF Stock Performance

Shares of QLTY opened at $43.04 on Friday. GMO U.S. Quality ETF has a 1 year low of $34.97 and a 1 year high of $43.70. The company’s 50 day simple moving average is $42.27 and its 200 day simple moving average is $40.25. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 59.78 and a beta of 0.97.

GMO U.S. Quality ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a $0.0754 dividend. This is a boost from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, June 30th. This represents a $0.30 annualized dividend and a yield of 0.7%. GMO U.S. Quality ETF’s payout ratio is presently 40.28%.

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.