Triangle Securities Wealth Management Buys 212,443 Shares of GMO U.S. Quality ETF $QLTY

Triangle Securities Wealth Management grew its stake in GMO U.S. Quality ETF (NYSEARCA:QLTY) by 163.7% during the third quarter, Holdings Channel.com reports. The fund owned 342,218 shares of the company’s stock after purchasing an additional 212,443 shares during the quarter. GMO U.S. Quality ETF makes up 2.8% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 5th biggest position. Triangle Securities Wealth Management’s holdings in GMO U.S. Quality ETF were worth $14,650,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HB Wealth Management LLC raised its stake in shares of GMO U.S. Quality ETF by 13.5% during the second quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock valued at $271,281,000 after acquiring an additional 796,001 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock valued at $94,011,000 after purchasing an additional 96,253 shares during the period. Prodigy Asset Management LLC boosted its holdings in shares of GMO U.S. Quality ETF by 28.4% in the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock valued at $51,376,000 after purchasing an additional 273,297 shares during the period. Modern Wealth Management LLC boosted its holdings in shares of 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 valued at $38,073,000 after purchasing an additional 1,031,906 shares during the period. Finally, CENTRAL TRUST Co grew its stake 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 in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Stock Down 0.5%

Shares of NYSEARCA:QLTY opened at $43.88 on Thursday. GMO U.S. Quality ETF has a 52-week low of $35.15 and a 52-week high of $44.24. The stock has a market cap of $5.38 billion, a P/E ratio of 60.94 and a beta of 0.97. The business’s 50 day moving average is $43.09 and its 200 day moving average is $41.33.

GMO U.S. Quality ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.0613 per share. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. GMO U.S. Quality ETF’s dividend payout ratio is presently 38.89%.

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.