Modern Wealth Management LLC raised its stake in GMO U.S. Quality ETF (NYSEARCA:QLTY – Free Report) by 11,962.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040,532 shares of the company’s stock after buying an additional 1,031,906 shares during the quarter. Modern Wealth Management LLC owned 1.00% of GMO U.S. Quality ETF worth $38,073,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its stake in shares of GMO U.S. Quality ETF by 77.5% during the 1st quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock valued at $539,000 after buying an additional 6,510 shares during the period. Breakwater Capital Group increased its stake in shares of GMO U.S. Quality ETF by 89.8% in the first quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after acquiring an additional 11,568 shares during the last quarter. Aspen Investment Management Inc increased its stake in shares of 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 acquiring an additional 1,210 shares during the last quarter. Parallel Advisors LLC raised its holdings 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 acquiring an additional 2,044 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. purchased a new stake in shares of GMO U.S. Quality ETF during the first quarter worth $1,169,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.
GMO U.S. Quality ETF Trading Down 0.8%
QLTY opened at $40.84 on Friday. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 56.72 and a beta of 0.97. GMO U.S. Quality ETF has a 1 year low of $33.56 and a 1 year high of $42.06. The stock has a fifty day moving average price of $41.21 and a 200 day moving average price of $39.52.
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.
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