WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sets New 52-Week High – Should You Buy?

Shares of WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) reached a new 52-week high during trading on Monday . The stock traded as high as $100.15 and last traded at $100.1990, with a volume of 369 shares trading hands. The stock had previously closed at $100.02.

WisdomTree U.S. Quality Dividend Growth Fund Stock Up 0.1%

The stock’s 50 day moving average price is $96.34 and its two-hundred day moving average price is $93.64. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 22.10 and a beta of 0.82.

Institutional Investors Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 5.0% during the 2nd 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 boosted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 0.3% during the fourth quarter. Morgan Stanley now owns 8,512,117 shares of the company’s stock worth $761,239,000 after buying an additional 27,929 shares in the last quarter. Ameriprise Financial Inc. grew its position in WisdomTree U.S. Quality Dividend Growth Fund by 8.0% during the second quarter. Ameriprise Financial Inc. now owns 6,940,040 shares of the company’s stock valued at $581,078,000 after buying an additional 511,398 shares during the period. Raymond James Financial Inc. increased its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 0.6% in the second quarter. Raymond James Financial Inc. now owns 3,540,325 shares of the company’s stock valued at $296,467,000 after buying an additional 20,249 shares in the last quarter. Finally, UBS Group AG raised its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 5.5% in the fourth quarter. UBS Group AG now owns 2,678,573 shares of the company’s stock worth $239,545,000 after acquiring 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.