GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Large Volume Increase – Still a Buy?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY) saw strong trading volume on Thursday . 950,817 shares traded hands during trading, an increase of 39% from the previous session’s volume of 684,608 shares.The stock last traded at $39.64 and had previously closed at $39.66.

GMO U.S. Quality ETF Stock Down 0.6%

The stock has a market cap of $4.04 billion, a P/E ratio of 54.74 and a beta of 0.99. The firm’s 50-day moving average is $37.77 and its two-hundred day moving average is $38.05.

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

Institutional investors have recently modified their holdings of the company. Aspen Investment Management Inc increased its position in GMO U.S. Quality ETF by 4.6% during the first quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,210 shares during the period. Triangle Securities Wealth Management boosted its stake in GMO U.S. Quality ETF by 3.5% during the first quarter. Triangle Securities Wealth Management now owns 121,885 shares of the company’s stock worth $4,410,000 after buying an additional 4,155 shares in the last quarter. Sprinkle Financial Consultants LLC boosted its stake in shares of GMO U.S. Quality ETF by 10.5% in the 1st quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock valued at $3,157,000 after purchasing an additional 8,264 shares in the last quarter. Breakwater Capital Group boosted its stake in shares of GMO U.S. Quality ETF by 89.8% in the 1st quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock valued at $885,000 after purchasing an additional 11,568 shares in the last quarter. Finally, Stonehearth Capital Management LLC boosted its stake in shares of 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 purchasing an additional 20,133 shares in the last quarter. Institutional investors 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.