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

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $41.92 and last traded at $41.90, with a volume of 11322 shares. The stock had previously closed at $41.68.

GMO U.S. Quality ETF Price Performance

The stock has a market capitalization of $4.72 billion, a P/E ratio of 58.13 and a beta of 0.97. The firm has a 50 day moving average of $40.69 and a 200-day moving average of $39.18.

Institutional Trading of GMO U.S. Quality ETF

Several institutional investors have recently modified their holdings of QLTY. Royal Bank of Canada raised its stake in shares of GMO U.S. Quality ETF by 174.5% in the first quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock valued at $45,000 after purchasing an additional 806 shares in the last quarter. Sunbelt Securities Inc. lifted its position in GMO U.S. Quality ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after purchasing an additional 250 shares during the period. Glenmede Trust Co. NA acquired a new stake in GMO U.S. Quality ETF during the first quarter worth $485,000. Kestra Advisory Services LLC boosted its stake in GMO U.S. Quality ETF by 77.5% during the first quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock worth $539,000 after buying an additional 6,510 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of GMO U.S. Quality ETF in the 1st quarter valued at $583,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

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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