GMO U.S. Quality ETF (NYSEARCA:QLTY) Hits New 12-Month High – Here’s Why

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) hit a new 52-week high during trading on Thursday . The stock traded as high as $41.92 and last traded at $41.90, with a volume of 11322 shares trading hands. The stock had previously closed at $41.68.

GMO U.S. Quality ETF Stock Performance

The company’s 50 day moving average price is $40.69 and its 200 day moving average price is $39.18. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 58.13 and a beta of 0.97.

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

Several institutional investors have recently added to or reduced their stakes in QLTY. Parallel Advisors LLC boosted its position in GMO U.S. Quality ETF by 7.6% in the first quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock valued at $1,043,000 after buying an additional 2,044 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of GMO U.S. Quality ETF during the first quarter worth approximately $485,000. J. Mark Nickell & Co. raised its stake in shares of GMO U.S. Quality ETF by 37.0% in the first quarter. J. Mark Nickell & Co. now owns 282,802 shares of the company’s stock valued at $10,232,000 after acquiring an additional 76,381 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of GMO U.S. Quality ETF by 4.6% in the first quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock valued at $1,465,000 after acquiring an additional 1,785 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of GMO U.S. Quality ETF in the 1st quarter worth approximately $1,863,000. 85.37% of the stock is owned by institutional investors.

GMO U.S. Quality ETF Company 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.