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

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.22 and last traded at $42.21, with a volume of 9802 shares trading hands. The stock had previously closed at $41.78.

GMO U.S. Quality ETF Stock Up 1.2%

The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 59.42 and a beta of 0.96. The company’s 50 day moving average is $41.35 and its 200 day moving average is $39.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QLTY. Colony Family Offices LLC raised its position in shares of 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 valued at $17,653,000 after buying an additional 35,746 shares in the last quarter. CENTRAL TRUST Co increased its stake in GMO U.S. Quality ETF by 35.7% during the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after acquiring an additional 215,930 shares during the period. HB Wealth Management LLC raised its holdings in GMO U.S. Quality ETF by 1,078.9% in the 1st quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock valued at $213,642,000 after acquiring an additional 5,404,269 shares in the last quarter. Stonehearth Capital Management LLC raised its holdings in GMO U.S. Quality ETF by 4.8% in the 1st quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock valued at $15,953,000 after acquiring an additional 20,133 shares in the last quarter. Finally, Kelman Lazarov Inc. lifted its position in shares of GMO U.S. Quality ETF by 4.0% during the 1st quarter. Kelman Lazarov Inc. now owns 380,573 shares of the company’s stock valued at $13,769,000 after acquiring an additional 14,716 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

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.