GMO U.S. Quality ETF (NYSEARCA:QLTY) Reaches New 1-Year High – Should You Buy?

Shares of GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $41.76 and last traded at $41.76, with a volume of 1651 shares changing hands. The stock had previously closed at $41.05.

GMO U.S. Quality ETF Price Performance

The stock has a market cap of $4.34 billion, a PE ratio of 58.13 and a beta of 0.98. The stock’s fifty day moving average is $39.93 and its 200-day moving average is $38.93.

Institutional Trading of GMO U.S. Quality ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QLTY. Royal Bank of Canada lifted its holdings in GMO U.S. Quality ETF by 174.5% in the first quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock valued at $45,000 after acquiring an additional 806 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of GMO U.S. Quality ETF by 3.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after purchasing an additional 250 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in GMO U.S. Quality ETF in the 1st quarter valued at about $485,000. Kestra Advisory Services LLC lifted its position in GMO U.S. Quality ETF by 77.5% in the first 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 last quarter. Finally, Quantinno Capital Management LP acquired a new position in GMO U.S. Quality ETF in the first quarter valued at about $583,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

About GMO U.S. Quality ETF

(Get Free Report)

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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