WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Hits New 1-Year High – Still a Buy?

Shares of WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) hit a new 52-week high on Tuesday . The stock traded as high as $98.10 and last traded at $98.2990, with a volume of 37562 shares. The stock had previously closed at $97.78.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

The business’s 50 day moving average price is $96.11 and its 200-day moving average price is $93.40. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 22.10 and a beta of 0.82.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DGRW. Bank of America Corp DE boosted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 5.0% in the second quarter. Bank of America Corp DE now owns 12,422,037 shares of the company’s stock worth $1,040,221,000 after purchasing an additional 590,243 shares during the period. Morgan Stanley lifted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 0.3% in the fourth quarter. Morgan Stanley now owns 8,512,117 shares of the company’s stock worth $761,239,000 after acquiring an additional 27,929 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 8.0% in the second quarter. Ameriprise Financial Inc. now owns 6,940,040 shares of the company’s stock valued at $581,078,000 after acquiring an additional 511,398 shares during the period. Raymond James Financial Inc. grew its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 0.6% during the second quarter. Raymond James Financial Inc. now owns 3,540,325 shares of the company’s stock valued at $296,467,000 after purchasing an additional 20,249 shares during the last quarter. Finally, UBS Group AG raised its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 5.5% during the 4th quarter. UBS Group AG now owns 2,678,573 shares of the company’s stock worth $239,545,000 after purchasing an additional 138,923 shares during the period.

WisdomTree U.S. Quality Dividend Growth Fund Company Profile

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.