GMO U.S. Quality ETF (NYSEARCA:QLTY) Reaches New 52-Week High – Should You Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $40.71 and last traded at $40.71, with a volume of 2227199 shares traded. The stock had previously closed at $40.27.

GMO U.S. Quality ETF Trading Up 0.6%

The stock’s 50 day moving average is $38.45 and its 200 day moving average is $38.47. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 56.97 and a beta of 0.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aspen Investment Management Inc boosted its stake in shares of GMO U.S. Quality ETF by 4.6% during the 1st 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 during the last quarter. Sprinkle Financial Consultants LLC lifted its stake in shares of GMO U.S. Quality ETF by 10.5% during the first quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock valued at $3,157,000 after buying an additional 8,264 shares during the period. Allegheny Financial Group lifted its stake in shares of GMO U.S. Quality ETF by 64.0% during the first quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after buying an additional 156,371 shares during the period. Stonehearth Capital Management LLC boosted its position in GMO U.S. Quality ETF by 4.8% during the first quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock worth $15,953,000 after acquiring an additional 20,133 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in GMO U.S. Quality ETF by 35.7% during the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after acquiring an additional 215,930 shares during the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

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.