WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Reaches New 52-Week High – Should You Buy?

Shares of WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRWGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $65.48 and last traded at $65.42, with a volume of 538734 shares. The stock had previously closed at $64.74.

WisdomTree U.S. Quality Growth Fund Stock Performance

The company has a market cap of $2.42 billion, a P/E ratio of 36.83 and a beta of 1.29. The firm has a 50 day moving average price of $58.18 and a two-hundred day moving average price of $58.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QGRW. Royal Bank of Canada bought a new position in shares of WisdomTree U.S. Quality Growth Fund during the 1st quarter worth $814,000. Jane Street Group LLC bought a new position in WisdomTree U.S. Quality Growth Fund in the 1st quarter worth about $533,000. JPMorgan Chase & Co. boosted its stake in WisdomTree U.S. Quality Growth Fund by 8.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,605 shares of the company’s stock worth $137,000 after purchasing an additional 195 shares during the period. Bank of America Corp DE boosted its stake in WisdomTree U.S. Quality Growth Fund by 7.0% in the 2nd quarter. Bank of America Corp DE now owns 638,317 shares of the company’s stock worth $33,544,000 after purchasing an additional 41,521 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in WisdomTree U.S. Quality Growth Fund by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,801 shares of the company’s stock worth $935,000 after purchasing an additional 363 shares during the period.

WisdomTree U.S. Quality Growth Fund Company Profile

(Get Free Report)

The Wisdomtree U.S. Quality Growth Fund (QGRW) is an exchange-traded fund that is based on the WisdomTree U.S. Quality Growth index. The fund tracks a market cap-weighted index of 100 large-cap growth companies in the US that exhibit the strongest quality characteristics relative to their peers. QGRW was launched on Dec 15, 2022 and is managed by WisdomTree.

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