Janney Montgomery Scott LLC Reduces Position in GMO U.S. Quality ETF $QLTY

Janney Montgomery Scott LLC trimmed its holdings in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 18.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 58,503 shares of the company’s stock after selling 13,180 shares during the period. Janney Montgomery Scott LLC’s holdings in GMO U.S. Quality ETF were worth $2,117,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co boosted its holdings in shares of GMO U.S. Quality ETF by 35.7% during the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock valued at $29,703,000 after acquiring an additional 215,930 shares during the last quarter. Stonehearth Capital Management LLC grew its stake in shares of GMO U.S. Quality ETF by 4.8% in the first quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock worth $15,953,000 after acquiring an additional 20,133 shares during the period. Colony Family Offices LLC raised its holdings in shares of GMO U.S. Quality ETF by 7.9% during the first quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock valued at $17,653,000 after purchasing an additional 35,746 shares during the last quarter. Allegheny Financial Group raised its holdings in shares of GMO U.S. Quality ETF by 64.0% during the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after purchasing an additional 156,371 shares during the last quarter. Finally, Apella Capital LLC bought a new position in GMO U.S. Quality ETF during the first quarter valued at approximately $6,801,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Trading Down 0.5%

Shares of QLTY stock opened at $41.46 on Thursday. GMO U.S. Quality ETF has a 12-month low of $33.56 and a 12-month high of $41.99. The stock has a market capitalization of $4.72 billion, a P/E ratio of 57.58 and a beta of 0.97. The firm’s 50 day moving average is $40.90 and its 200 day moving average is $39.30.

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.