GMO U.S. Quality ETF (NYSEARCA:QLTY) Reaches New 1-Year High – Here’s Why

GMO U.S. Quality ETF (NYSEARCA:QLTY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.00 and last traded at $41.88, with a volume of 50353 shares changing hands. The stock had previously closed at $41.95.

GMO U.S. Quality ETF Stock Performance

The business has a fifty day simple moving average of $40.99 and a 200 day simple moving average of $39.35. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 58.08 and a beta of 0.97.

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

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in GMO U.S. Quality ETF by 174.5% in the 1st 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 during the period. Sunbelt Securities Inc. raised its position in shares of 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 valued at $245,000 after buying an additional 250 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of GMO U.S. Quality ETF in the first quarter valued at approximately $485,000. Chemistry Wealth Management LLC boosted its stake in shares of GMO U.S. Quality ETF by 22.9% in the second quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock valued at $500,000 after buying an additional 2,239 shares during the period. Finally, Kestra Advisory Services LLC grew its position 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. 85.37% of the stock is owned by institutional investors.

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.