GMO U.S. Quality ETF (QLTY)

GMO U.S. Quality ETF is trading at $43.10, down 0.69% on the session. The 50 day average sits at $42.02 and the 200 day at $39.66, which puts the stock in a uptrend. RSI is at 63.8, which reads as strong, and MACD is bearish crossover. Volume is average.

The nearest support is around $42.71 with resistance near $43.52, so that band frames the current range. Average daily movement is roughly $0.34, or about 0.8% of the share price, which is what any stop placement has to allow for. The overall health score of 78 out of 100 combines a trend score of 93, momentum of 56 and a risk score of 84.

The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing primarily in equities of U.S. companies that the fund’s adviser, Grantham, Mayo, Van Otterloo & Co. LLC (“GMO” or the “Adviser”), believes to be of high quality. Equity securities primarily include common and preferred stocks and, to a lesser extent, other stock-related securities, such as convertible securities, depositary receipts, equity real estate investment trusts, income trusts, and securities of other investment companies that investment primarily in equity securities.