WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Hits New 1-Year High – Here’s Why

Shares of WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) hit a new 52-week high during trading on Monday . The stock traded as high as $69.01 and last traded at $69.06, with a volume of 57938 shares. The stock had previously closed at $67.27.

WisdomTree U.S. Quality Growth Fund Stock Performance

The company’s fifty day simple moving average is $66.48 and its two-hundred day simple moving average is $63.24. The stock has a market capitalization of $2.92 billion, a P/E ratio of 36.83 and a beta of 1.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QGRW. Falcon Wealth Planning increased its stake in WisdomTree U.S. Quality Growth Fund by 7.7% during the 1st quarter. Falcon Wealth Planning now owns 5,678 shares of the company’s stock worth $303,000 after acquiring an additional 404 shares during the period. RFG Advisory LLC grew its holdings in shares of WisdomTree U.S. Quality Growth Fund by 0.5% during the 1st quarter. RFG Advisory LLC now owns 37,566 shares of the company’s stock worth $2,007,000 after purchasing an additional 172 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of WisdomTree U.S. Quality Growth Fund by 2,323.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 99,360 shares of the company’s stock worth $5,830,000 after purchasing an additional 95,260 shares during the period. Vericrest Private Wealth acquired a new position in WisdomTree U.S. Quality Growth Fund in the fourth quarter valued at about $5,806,000. Finally, Sankala Group LLC acquired a new position in WisdomTree U.S. Quality Growth Fund in the fourth quarter valued at about $169,000.

About WisdomTree U.S. Quality Growth Fund

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.