862,258 Shares in Natixis Gateway Quality Income ETF $GQI Acquired by Horizon Wealth Management LLC

Horizon Wealth Management LLC bought a new stake in Natixis Gateway Quality Income ETF (NYSEARCA:GQI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 862,258 shares of the company’s stock, valued at approximately $49,205,000. Natixis Gateway Quality Income ETF accounts for approximately 7.6% of Horizon Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Horizon Wealth Management LLC owned approximately 0.27% of Natixis Gateway Quality Income ETF as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC raised its position in shares of Natixis Gateway Quality Income ETF by 84.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 19,914 shares of the company’s stock valued at $1,136,000 after purchasing an additional 9,115 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Natixis Gateway Quality Income ETF by 12.6% in the 4th quarter. DAVENPORT & Co LLC now owns 132,023 shares of the company’s stock valued at $7,534,000 after purchasing an additional 14,786 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Natixis Gateway Quality Income ETF in the 4th quarter valued at approximately $6,771,000. Legacy Financial Advisors Inc. raised its position in shares of Natixis Gateway Quality Income ETF by 6.1% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 361,433 shares of the company’s stock valued at $20,258,000 after purchasing an additional 20,671 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new position in shares of Natixis Gateway Quality Income ETF in the 3rd quarter valued at approximately $310,000.

Natixis Gateway Quality Income ETF Price Performance

Shares of GQI opened at $58.19 on Monday. The business’s 50 day moving average is $56.45 and its two-hundred day moving average is $56.84. Natixis Gateway Quality Income ETF has a 52-week low of $50.95 and a 52-week high of $58.65. The firm has a market cap of $196.10 million, a price-to-earnings ratio of 26.77 and a beta of 0.73.

Natixis Gateway Quality Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Monday, March 2nd were given a $0.4179 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend was Monday, March 2nd.

Natixis Gateway Quality Income ETF Profile

The Natixis Gateway Quality Income ETF (GQI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, aiming for total returns by investing in US large- and mid-cap stocks deemed high-quality while enhancing income through ELNs. GQI was launched on Dec 13, 2023 and is issued by Natixis.