GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Unusually-High Trading Volume – Should You Buy?

GMO U.S. Quality ETF (NYSEARCA:QLTY) shares saw unusually-high trading volume on Wednesday. 528,155 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 535,401 shares. The stock last traded at $43.9340 and had previously closed at $44.15.

GMO U.S. Quality ETF Stock Performance

The firm’s 50 day moving average is $43.19 and its 200-day moving average is $41.67. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 60.83 and a beta of 0.97.

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 given a dividend of $0.0613 per share. This is a decrease 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 dividend on an annualized basis and a dividend yield of 0.6%. GMO U.S. Quality ETF’s dividend payout ratio is 38.89%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QLTY. Hartford Financial Management Inc. acquired a new position in GMO U.S. Quality ETF in the third quarter valued at approximately $6,153,000. Pinnacle Associates Ltd. increased its stake in GMO U.S. Quality ETF by 0.3% in the third quarter. Pinnacle Associates Ltd. now owns 808,392 shares of the company’s stock valued at $34,607,000 after purchasing an additional 2,570 shares in the last quarter. KFG Wealth Management LLC raised its holdings in 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 purchasing an additional 780 shares during the period. Chemistry Wealth Management LLC raised its stake in GMO U.S. Quality ETF by 19.8% during the 3rd quarter. Chemistry Wealth Management LLC now owns 14,394 shares of the company’s stock worth $616,000 after buying an additional 2,376 shares during the period. Finally, Triangle Securities Wealth Management grew its stake in GMO U.S. Quality ETF by 163.7% in the third quarter. Triangle Securities Wealth Management now owns 342,218 shares of the company’s stock valued at $14,650,000 after acquiring an additional 212,443 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

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.