WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Shares Cross Below 200 Day Moving Average – Time to Sell?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $63.23 and traded as low as $61.75. WisdomTree U.S. Quality Growth Fund shares last traded at $61.91, with a volume of 377,499 shares trading hands.

WisdomTree U.S. Quality Growth Fund Stock Down 5.7%

The stock has a fifty day moving average of $67.64 and a two-hundred day moving average of $63.23. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 36.83 and a beta of 1.33.

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

Several institutional investors have recently made changes to their positions in the stock. Waverly Advisors LLC purchased a new position in shares of WisdomTree U.S. Quality Growth Fund during the 1st quarter worth approximately $29,000. Ameritas Advisory Services LLC acquired a new position in shares of WisdomTree U.S. Quality Growth Fund during the 2nd quarter worth approximately $63,000. Polaris Financial Partners acquired a new position in shares of WisdomTree U.S. Quality Growth Fund during the 3rd quarter worth approximately $82,000. Fifth Third Bancorp purchased a new stake in WisdomTree U.S. Quality Growth Fund in the 1st quarter valued at approximately $88,000. Finally, IFP Advisors Inc lifted its stake in 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 valued at $88,000 after buying an additional 1,133 shares in the last quarter.

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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