GMO U.S. Quality ETF $QLTY Position Boosted by Colony Family Offices LLC

Colony Family Offices LLC increased its stake in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 512,289 shares of the company’s stock after acquiring an additional 25,190 shares during the quarter. GMO U.S. Quality ETF comprises about 4.7% of Colony Family Offices LLC’s portfolio, making the stock its 7th largest holding. Colony Family Offices LLC owned approximately 0.44% of GMO U.S. Quality ETF worth $21,346,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its holdings in GMO U.S. Quality ETF by 3.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after acquiring an additional 250 shares during the last quarter. KFG Wealth Management LLC boosted its holdings in shares of GMO U.S. Quality ETF by 3.3% during the 2nd quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock valued at $441,000 after purchasing an additional 342 shares during the last quarter. Royal Bank of Canada boosted 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 valued at $45,000 after purchasing an additional 806 shares during the last quarter. Aspen Investment Management Inc boosted its holdings in shares of GMO U.S. Quality ETF by 4.6% during the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock valued at $1,006,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its position in shares of GMO U.S. Quality ETF by 4.6% during the first quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,785 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Trading Down 1.0%

Shares of QLTY stock opened at $42.60 on Wednesday. GMO U.S. Quality ETF has a 12-month low of $35.15 and a 12-month high of $43.70. The stock’s 50-day moving average price is $42.32 and its 200-day moving average price is $40.32. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 59.17 and a beta of 0.97.

GMO U.S. Quality ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a dividend of $0.0754 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. GMO U.S. Quality ETF’s dividend payout ratio is currently 40.28%.

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.