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

GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.62 and last traded at $40.62, with a volume of 71914 shares trading hands. The stock had previously closed at $40.37.

GMO U.S. Quality ETF Stock Up 0.6%

The company has a market cap of $4.21 billion, a P/E ratio of 56.39 and a beta of 0.99. The business’s 50 day moving average is $38.13 and its 200 day moving average is $38.35.

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

A number of large investors have recently bought and sold shares of the business. Aspen Investment Management Inc raised its stake in GMO U.S. Quality ETF by 4.6% in the first quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after buying an additional 1,210 shares in the last quarter. Parallel Advisors LLC raised its stake 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 worth $1,043,000 after buying an additional 2,044 shares in the last quarter. Madison Asset Management LLC raised its stake in GMO U.S. Quality ETF by 1.3% in the first quarter. Madison Asset Management LLC now owns 185,944 shares of the company’s stock worth $6,727,000 after buying an additional 2,397 shares in the last quarter. Triangle Securities Wealth Management raised its stake in GMO U.S. Quality ETF by 3.5% in 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. Finally, Kestra Advisory Services LLC raised its stake in GMO U.S. Quality ETF by 77.5% in the first quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock worth $539,000 after buying an additional 6,510 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Company Profile

(Get Free Report)

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.

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