Glenmede Trust Co. NA Makes New $485,000 Investment in GMO U.S. Quality ETF $QLTY

Glenmede Trust Co. NA purchased a new position in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,400 shares of the company’s stock, valued at approximately $485,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QLTY. Sunbelt Securities Inc. grew its holdings 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 purchasing an additional 250 shares during the period. 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 last quarter. Aspen Investment Management Inc grew its stake in shares of GMO U.S. Quality ETF by 4.6% in the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock valued at $1,006,000 after buying an additional 1,210 shares during the period. Arete Wealth Advisors LLC grew its stake in shares of GMO U.S. Quality ETF by 4.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock valued at $1,465,000 after buying an additional 1,785 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of GMO U.S. Quality ETF by 7.6% during the 1st quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock worth $1,043,000 after buying an additional 2,044 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

GMO U.S. Quality ETF Stock Performance

QLTY opened at $43.15 on Friday. The stock has a market capitalization of $5.01 billion, a PE ratio of 59.93 and a beta of 0.96. GMO U.S. Quality ETF has a one year low of $34.10 and a one year high of $43.16. The business’s 50 day moving average price is $41.44 and its 200 day moving average price is $39.70.

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.