GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Strong Trading Volume – Time to Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw unusually-strong trading volume on Friday . Approximately 2,818,565 shares were traded during mid-day trading, an increase of 327% from the previous session’s volume of 660,789 shares.The stock last traded at $41.51 and had previously closed at $41.45.

GMO U.S. Quality ETF Stock Up 0.1%

The firm has a 50 day moving average price of $38.86 and a two-hundred day moving average price of $38.62. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 57.64 and a beta of 0.99.

Institutional Trading of GMO U.S. Quality ETF

Large investors have recently modified their holdings of the business. Nicholas Hoffman & Company LLC. acquired a new stake in shares of GMO U.S. Quality ETF during the first quarter valued at about $1,169,000. HB Wealth Management LLC grew its stake in GMO U.S. Quality ETF by 1,078.9% in the first quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after purchasing an additional 5,404,269 shares in the last quarter. Kelman Lazarov Inc. grew its stake in GMO U.S. Quality ETF by 4.0% in the first quarter. Kelman Lazarov Inc. now owns 380,573 shares of the company’s stock worth $13,769,000 after purchasing an additional 14,716 shares in the last quarter. Vicus Capital grew its stake in GMO U.S. Quality ETF by 436.9% in the first quarter. Vicus Capital now owns 139,323 shares of the company’s stock worth $5,041,000 after purchasing an additional 113,375 shares in the last quarter. Finally, Colony Family Offices LLC grew its stake in GMO U.S. Quality ETF by 7.9% in the first quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock worth $17,653,000 after purchasing an additional 35,746 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

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.