GMO U.S. Quality ETF $QLTY Shares Newly Bought by Hartford Financial Management Inc.

Hartford Financial Management Inc. purchased a new stake in GMO U.S. Quality ETF (NYSEARCA:QLTY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 143,729 shares of the company’s stock, valued at approximately $6,153,000. GMO U.S. Quality ETF makes up 1.4% of Hartford Financial Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Hartford Financial Management Inc. owned about 0.12% of GMO U.S. Quality ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new position in GMO U.S. Quality ETF during the 2nd quarter worth approximately $13,861,000. HB Wealth Management LLC boosted its position in shares of GMO U.S. Quality ETF by 13.5% in the 2nd quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock worth $271,281,000 after purchasing an additional 796,001 shares in the last quarter. Bank of America Corp DE purchased a new stake in GMO U.S. Quality ETF during the 1st quarter valued at about $1,863,000. CENTRAL TRUST Co increased its holdings in shares of GMO U.S. Quality ETF by 35.7% in the 1st 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. Finally, Colony Family Offices LLC raised its holdings in shares of GMO U.S. Quality ETF by 7.9% during the first quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock valued at $17,653,000 after purchasing an additional 35,746 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

GMO U.S. Quality ETF Stock Down 0.2%

GMO U.S. Quality ETF stock opened at $44.05 on Thursday. The business has a 50-day simple moving average of $43.18 and a two-hundred day simple moving average of $41.62. The company has a market cap of $5.45 billion, a P/E ratio of 61.18 and a beta of 0.97. GMO U.S. Quality ETF has a 52-week low of $35.15 and a 52-week high of $44.37.

GMO U.S. Quality ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.0613 dividend. The ex-dividend date was Wednesday, September 30th. This is a negative change from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. GMO U.S. Quality ETF’s dividend payout ratio (DPR) is presently 38.89%.

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.