Shares of GMO U.S. Quality ETF (NYSEARCA:QLTY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $44.75 and last traded at $44.7810, with a volume of 84,655 shares trading hands. The stock had previously closed at $43.71.
GMO U.S. Quality ETF Stock Down 3.5%
The stock has a market cap of $5.40 billion, a PE ratio of 60.15 and a beta of 0.95. The business has a 50 day moving average price of $43.34 and a 200 day moving average price of $40.83.
GMO U.S. Quality ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.0613 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. GMO U.S. Quality ETF’s dividend payout ratio is presently 38.89%.
Institutional Investors Weigh In On GMO U.S. Quality ETF
Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in GMO U.S. Quality ETF by 2,089.2% during the third quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock worth $35,000 after buying an additional 773 shares during the last quarter. Royal Bank of Canada grew its holdings in GMO U.S. Quality ETF by 174.5% in the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 806 shares in the last quarter. William Mack & Associates Inc. acquired a new stake in shares of GMO U.S. Quality ETF in the 3rd quarter worth $170,000. QRG Capital Management Inc. acquired a new stake in shares of GMO U.S. Quality ETF in the 2nd quarter worth $216,000. Finally, Sunbelt Securities Inc. increased its stake in shares of 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 worth $245,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors 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.
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