GMO U.S. Quality ETF $QLTY Stock Bought by Sprinkle Financial Consultants LLC

Sprinkle Financial Consultants LLC boosted its stake in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 17.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,690 shares of the company’s stock after buying an additional 15,483 shares during the period. GMO U.S. Quality ETF accounts for 1.7% of Sprinkle Financial Consultants LLC’s investment portfolio, making the stock its 17th largest position. Sprinkle Financial Consultants LLC’s holdings in GMO U.S. Quality ETF were worth $4,567,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of QLTY. HB Wealth Management LLC lifted its position in 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 last quarter. Lazard Asset Management LLC boosted its holdings in GMO U.S. Quality ETF by 3.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock valued at $94,011,000 after acquiring an additional 96,253 shares during the period. Prodigy Asset Management LLC grew its position in GMO U.S. Quality ETF by 28.4% in the 2nd quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock valued at $51,376,000 after acquiring an additional 273,297 shares in the last quarter. Modern Wealth Management LLC increased its stake in GMO U.S. Quality ETF by 11,962.7% during the first 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 period. Finally, CENTRAL TRUST Co lifted its position 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 purchasing an additional 215,930 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Stock Performance

Shares of NYSEARCA:QLTY traded up $0.29 during trading on Friday, hitting $43.92. The company’s stock had a trading volume of 394,750 shares, compared to its average volume of 537,158. The company has a market capitalization of $5.38 billion, a PE ratio of 61.00 and a beta of 0.97. The business has a 50 day moving average price of $42.96 and a two-hundred day moving average price of $41.12. GMO U.S. Quality ETF has a fifty-two week low of $35.15 and a fifty-two week high of $43.98.

GMO U.S. Quality ETF Cuts Dividend

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

GMO U.S. Quality ETF 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.