GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 52-Week High – Should You Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $40.71 and last traded at $40.71, with a volume of 2227199 shares changing hands. The stock had previously closed at $40.27.

GMO U.S. Quality ETF Price Performance

The company has a market capitalization of $4.23 billion, a PE ratio of 56.54 and a beta of 0.99. The firm has a 50-day moving average of $38.33 and a 200 day moving average of $38.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QLTY. HB Wealth Management LLC boosted its position 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 during the last quarter. Modern Wealth Management LLC boosted its position 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 during the last quarter. CENTRAL TRUST Co boosted its position 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 purchasing an additional 215,930 shares during the last quarter. Apella Capital LLC purchased a new position in GMO U.S. Quality ETF in the first quarter worth about $6,801,000. Finally, Allegheny Financial Group boosted its position in GMO U.S. Quality ETF by 64.0% in the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock worth $14,492,000 after purchasing an additional 156,371 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other 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.