GMO U.S. Quality ETF (NYSEARCA:QLTY) Sets New 52-Week High – Here’s Why

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s share price reached a new 52-week high during trading on Tuesday. The company traded as high as $43.81 and last traded at $43.7690, with a volume of 14879 shares traded. The stock had previously closed at $43.66.

GMO U.S. Quality ETF Stock Up 0.0%

The stock has a market cap of $5.35 billion, a P/E ratio of 60.67 and a beta of 0.97. The firm’s 50 day simple moving average is $42.91 and its two-hundred day simple moving average is $41.07.

GMO U.S. Quality ETF Cuts Dividend

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

Institutional Investors Weigh In On GMO U.S. Quality ETF

Several institutional investors and hedge funds have recently bought and sold shares of QLTY. Wealth Enhancement Trust Services Inc. lifted its holdings in GMO U.S. Quality ETF by 34.3% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 19,771 shares of the company’s stock worth $846,000 after acquiring an additional 5,049 shares during the last quarter. QRG Capital Management Inc. acquired a new position in GMO U.S. Quality ETF in the second quarter valued at approximately $216,000. Integrated Wealth Concepts LLC bought a new position in shares of GMO U.S. Quality ETF during the second quarter valued at approximately $13,861,000. NewEdge Advisors LLC grew its holdings in shares of GMO U.S. Quality ETF by 32.1% during the second quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock valued at $345,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Colony Family Offices LLC grew its holdings in shares of GMO U.S. Quality ETF by 5.2% during the second quarter. Colony Family Offices LLC now owns 512,289 shares of the company’s stock valued at $21,346,000 after purchasing an additional 25,190 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

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.