Lazard Asset Management LLC increased its stake in shares of GMO U.S. Quality ETF (NYSEARCA:QLTY – Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,597,522 shares of the company’s stock after acquiring an additional 96,253 shares during the period. Lazard Asset Management LLC owned approximately 2.50% of GMO U.S. Quality ETF worth $94,011,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC grew its position 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 valued at $539,000 after acquiring an additional 6,510 shares in the last quarter. Breakwater Capital Group lifted its position in shares of GMO U.S. Quality ETF by 89.8% during the first quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after purchasing an additional 11,568 shares in the last quarter. Aspen Investment Management Inc lifted its position in shares of 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 purchasing an additional 1,210 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of GMO U.S. Quality ETF by 7.6% during the first quarter. Parallel Advisors LLC now owns 28,819 shares of the company’s stock worth $1,043,000 after purchasing an additional 2,044 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. purchased a new position in shares of GMO U.S. Quality ETF in the first quarter valued at $1,169,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.
GMO U.S. Quality ETF Trading Up 0.7%
QLTY opened at $41.19 on Tuesday. The company has a fifty day simple moving average of $41.23 and a 200 day simple moving average of $39.54. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 57.21 and a beta of 0.97. GMO U.S. Quality ETF has a twelve month low of $33.56 and a twelve month high of $42.06.
GMO U.S. Quality ETF 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.
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