GMO U.S. Quality ETF (NYSEARCA:QLTY) Sets New 52-Week High – Here’s What Happened

GMO U.S. Quality ETF (NYSEARCA:QLTY) reached a new 52-week high on Wednesday. The stock traded as high as $44.75 and last traded at $44.7810, with a volume of 84,655 shares traded. The stock had previously closed at $43.71.

GMO U.S. Quality ETF Price Performance

The company has a market cap of $5.60 billion, a PE ratio of 62.38 and a beta of 0.97. The business has a 50 day moving average of $43.31 and a 200 day moving average of $40.78.

GMO U.S. Quality ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.0613 per share. This is a decrease from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, September 30th. GMO U.S. Quality ETF’s dividend payout ratio is presently 38.89%.

Institutional Trading of GMO U.S. Quality ETF

Large investors have recently bought and sold shares of the company. 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 grew its stake 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 worth $271,281,000 after acquiring an additional 796,001 shares during the period. Bank of America Corp DE purchased a new position in shares of GMO U.S. Quality ETF during the first quarter valued at approximately $1,863,000. Glenmede Trust Co. NA purchased a new position in shares of GMO U.S. Quality ETF during the first quarter valued at approximately $485,000. Finally, Lazard Asset Management LLC raised its holdings in shares of GMO U.S. Quality ETF by 3.8% during the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock valued at $94,011,000 after purchasing an additional 96,253 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

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.