Sprinkle Financial Consultants LLC Acquires 15,483 Shares of GMO U.S. Quality ETF $QLTY

Sprinkle Financial Consultants LLC boosted its holdings in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,690 shares of the company’s stock after buying an additional 15,483 shares during the period. GMO U.S. Quality ETF makes up 1.7% of Sprinkle Financial Consultants LLC’s holdings, making the stock its 17th largest position. Sprinkle Financial Consultants LLC owned approximately 0.09% of GMO U.S. Quality ETF worth $4,567,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of GMO U.S. Quality ETF by 2,089.2% in the third quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock worth $35,000 after buying an additional 773 shares during the last quarter. Royal Bank of Canada raised its stake 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 worth $45,000 after acquiring an additional 806 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in GMO U.S. Quality ETF during the 2nd quarter worth about $216,000. Sunbelt Securities Inc. grew its stake in 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 valued at $245,000 after purchasing an additional 250 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of GMO U.S. Quality ETF by 32.1% in the second quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock worth $345,000 after purchasing an additional 2,014 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

NYSEARCA QLTY traded up $0.29 on Friday, reaching $43.92. 394,750 shares of the company’s stock traded hands, compared to its average volume of 537,158. GMO U.S. Quality ETF has a fifty-two week low of $35.15 and a fifty-two week high of $43.98. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 61.00 and a beta of 0.97. The stock has a 50 day moving average price of $42.96 and a 200-day moving average price of $41.12.

GMO U.S. Quality ETF Cuts Dividend

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

GMO U.S. Quality ETF 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.