CENTRAL TRUST Co lifted its stake in GMO U.S. Quality ETF (NYSEARCA:QLTY – Free Report) by 3.5% in the third quarter, Holdings Channel.com reports. The firm owned 837,314 shares of the company’s stock after buying an additional 28,453 shares during the period. CENTRAL TRUST Co’s holdings in GMO U.S. Quality ETF were worth $35,845,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Modern Wealth Management LLC raised its holdings in GMO U.S. Quality ETF by 11,962.7% during the 1st quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock valued at $38,073,000 after buying an additional 1,031,906 shares during the period. HB Wealth Management LLC lifted its position in GMO U.S. Quality ETF by 13.5% in the second quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock worth $271,281,000 after buying an additional 796,001 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in GMO U.S. Quality ETF in the second quarter worth $13,861,000. Prodigy Asset Management LLC lifted its position in GMO U.S. Quality ETF by 28.4% in the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after buying an additional 273,297 shares during the last quarter. Finally, Triangle Securities Wealth Management boosted its stake in GMO U.S. Quality ETF by 163.7% during the third quarter. Triangle Securities Wealth Management now owns 342,218 shares of the company’s stock worth $14,650,000 after buying an additional 212,443 shares during the period. Institutional investors own 85.37% of the company’s stock.
GMO U.S. Quality ETF Stock Up 0.5%
NYSEARCA QLTY opened at $44.47 on Thursday. GMO U.S. Quality ETF has a 52 week low of $35.15 and a 52 week high of $44.99. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 61.76 and a beta of 0.95. The company has a fifty day moving average of $43.41 and a two-hundred day moving average of $40.92.
GMO U.S. Quality ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.0613 dividend. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. The ex-dividend date was Wednesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. GMO U.S. Quality ETF’s dividend payout ratio (DPR) is 38.89%.
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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