GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Strong Trading Volume – Time to Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,818,565 shares traded hands during mid-day trading, an increase of 327% from the previous session’s volume of 660,789 shares.The stock last traded at $41.51 and had previously closed at $41.45.

GMO U.S. Quality ETF Stock Up 0.1%

The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 57.64 and a beta of 0.99. The stock has a 50 day moving average of $38.86 and a 200 day moving average of $38.62.

Hedge Funds Weigh In On GMO U.S. Quality ETF

A number of hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC grew its stake in GMO U.S. Quality ETF by 1,078.9% in the first quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after purchasing an additional 5,404,269 shares in the last quarter. Lazard Asset Management LLC grew its stake in GMO U.S. Quality ETF by 3.8% in the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock worth $94,011,000 after purchasing an additional 96,253 shares in the last quarter. Modern Wealth Management LLC grew its stake in GMO U.S. Quality ETF by 11,962.7% in 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 in the last quarter. CENTRAL TRUST Co lifted its holdings in GMO U.S. Quality ETF by 35.7% in the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after acquiring an additional 215,930 shares during the last quarter. Finally, Colony Family Offices LLC lifted its holdings in GMO U.S. Quality ETF by 7.9% in 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. 85.37% of the stock is currently owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Company Profile

(Get Free Report)

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.

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