GMO U.S. Quality ETF (NYSEARCA:QLTY) Reaches New 1-Year High – Here’s Why

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s stock price reached a new 52-week high on Monday . The company traded as high as $42.00 and last traded at $41.88, with a volume of 50353 shares changing hands. The stock had previously closed at $41.95.

GMO U.S. Quality ETF Price Performance

The company has a market cap of $4.78 billion, a P/E ratio of 58.08 and a beta of 0.97. The stock has a 50-day moving average of $40.99 and a 200 day moving average of $39.35.

Hedge Funds Weigh In On GMO U.S. Quality ETF

Several hedge funds have recently bought and sold shares of QLTY. Royal Bank of Canada lifted its holdings in shares of GMO U.S. Quality ETF by 174.5% during the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after acquiring an additional 806 shares during the period. Sunbelt Securities Inc. boosted its position in shares of GMO U.S. Quality ETF by 3.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after acquiring an additional 250 shares in the last quarter. Glenmede Trust Co. NA bought a new position in GMO U.S. Quality ETF in the first quarter valued at approximately $485,000. Chemistry Wealth Management LLC raised its position in GMO U.S. Quality ETF by 22.9% during the second quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock valued at $500,000 after purchasing an additional 2,239 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in GMO U.S. Quality ETF by 77.5% during the first quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock valued at $539,000 after purchasing an additional 6,510 shares in the last quarter. 85.37% of the stock is owned by institutional investors.

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.