GMO U.S. Quality ETF (NYSEARCA:QLTY – Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as $44.37 and last traded at $43.9540, with a volume of 428,542 shares changing hands. The stock had previously closed at $43.88.
GMO U.S. Quality ETF Trading Up 0.3%
The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 61.05 and a beta of 0.97. The firm has a 50-day moving average price of $43.13 and a 200-day moving average price of $41.46.
GMO U.S. Quality ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.0613 per share. This is a decrease from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. GMO U.S. Quality ETF’s dividend payout ratio (DPR) is 38.89%.
Hedge Funds Weigh In On GMO U.S. Quality ETF
Several hedge funds have recently made changes to their positions in the business. KFG Wealth Management LLC lifted its stake in shares of GMO U.S. Quality ETF by 7.4% in the third quarter. KFG Wealth Management LLC now owns 11,387 shares of the company’s stock worth $487,000 after buying an additional 780 shares during the last quarter. Chemistry Wealth Management LLC grew its stake in GMO U.S. Quality ETF by 19.8% in the 3rd quarter. Chemistry Wealth Management LLC now owns 14,394 shares of the company’s stock valued at $616,000 after buying an additional 2,376 shares during the last quarter. Triangle Securities Wealth Management grew its stake in GMO U.S. Quality ETF by 163.7% in the 3rd quarter. Triangle Securities Wealth Management now owns 342,218 shares of the company’s stock valued at $14,650,000 after buying an additional 212,443 shares during the last quarter. Stonehearth Capital Management LLC raised its holdings in GMO U.S. Quality ETF by 1.6% in the 3rd quarter. Stonehearth Capital Management LLC now owns 454,836 shares of the company’s stock worth $19,472,000 after acquiring an additional 7,260 shares during the period. Finally, Sprinkle Financial Consultants LLC raised its holdings in GMO U.S. Quality ETF by 17.0% in the 3rd quarter. Sprinkle Financial Consultants LLC now owns 106,690 shares of the company’s stock worth $4,567,000 after acquiring an additional 15,483 shares during the period. Institutional investors and hedge funds 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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