GMO U.S. Quality ETF (NYSEARCA:QLTY) Sets New 1-Year High – Should You Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s share price hit a new 52-week high on Monday . The stock traded as high as $43.18 and last traded at $43.18, with a volume of 1118 shares trading hands. The stock had previously closed at $42.86.

GMO U.S. Quality ETF Price Performance

The firm has a market cap of $5.03 billion, a P/E ratio of 60.10 and a beta of 0.96. The stock’s 50 day moving average is $41.44 and its two-hundred day moving average is $39.70.

Institutional Investors Weigh In On GMO U.S. Quality ETF

Several large investors have recently modified their holdings of QLTY. Chemistry Wealth Management LLC grew its position in 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 acquiring an additional 2,239 shares during the period. Breakwater Capital Group lifted its holdings in shares of GMO U.S. Quality ETF by 16.7% during the second quarter. Breakwater Capital Group now owns 28,539 shares of the company’s stock valued at $1,188,000 after acquiring an additional 4,090 shares during the period. Sprinkle Financial Consultants LLC boosted its stake in shares of GMO U.S. Quality ETF by 4.5% in the 2nd quarter. Sprinkle Financial Consultants LLC now owns 91,207 shares of the company’s stock valued at $3,796,000 after purchasing an additional 3,939 shares in the last quarter. Prodigy Asset Management LLC boosted its stake in shares of GMO U.S. Quality ETF by 28.4% in the 2nd 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 in the last quarter. Finally, Stonehearth Capital Management LLC grew its holdings in shares of GMO U.S. Quality ETF by 1.5% in the 2nd quarter. Stonehearth Capital Management LLC now owns 447,576 shares of the company’s stock worth $18,628,000 after purchasing an additional 6,650 shares during the last quarter. 85.37% of the stock is currently owned by 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.