WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Hits New 1-Year High – Should You Buy?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW)’s stock price reached a new 52-week high during trading on Wednesday. The company traded as high as $69.34 and last traded at $69.19, with a volume of 75626 shares changing hands. The stock had previously closed at $68.74.

WisdomTree U.S. Quality Growth Fund Stock Performance

The firm has a market cap of $3.21 billion, a PE ratio of 36.83 and a beta of 1.31. The company’s 50-day simple moving average is $67.13 and its two-hundred day simple moving average is $64.02.

Institutional Trading of WisdomTree U.S. Quality Growth Fund

A number of institutional investors have recently modified their holdings of the company. Waverly Advisors LLC purchased a new position in WisdomTree U.S. Quality Growth Fund during the 1st quarter valued at about $29,000. Ameritas Advisory Services LLC purchased a new stake in WisdomTree U.S. Quality Growth Fund in the 2nd quarter worth approximately $63,000. Fifth Third Bancorp purchased a new stake in WisdomTree U.S. Quality Growth Fund in the 1st quarter worth approximately $88,000. IFP Advisors Inc grew its position in shares of WisdomTree U.S. Quality Growth Fund by 563.7% in the 2nd quarter. IFP Advisors Inc now owns 1,334 shares of the company’s stock worth $88,000 after buying an additional 1,133 shares during the last quarter. Finally, Markowski Investments bought a new stake in shares of WisdomTree U.S. Quality Growth Fund in the 2nd quarter worth approximately $101,000.

WisdomTree U.S. Quality Growth Fund Company Profile

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.