WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Hits New 12-Month High – Should You Buy?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW)’s stock price hit a new 52-week high during mid-day 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 Trading Up 0.6%

The company has a market capitalization of $3.20 billion, a P/E ratio of 36.83 and a beta of 1.32. The firm has a fifty day moving average of $66.95 and a 200 day moving average of $63.84.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of WisdomTree U.S. Quality Growth Fund by 27.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 681,763 shares of the company’s stock worth $45,017,000 after buying an additional 145,107 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 5.9% in the second quarter. RFG Advisory LLC now owns 39,791 shares of the company’s stock worth $2,627,000 after buying an additional 2,225 shares during the last quarter. NewEdge Advisors LLC grew its position in WisdomTree U.S. Quality Growth Fund by 10.5% during the second quarter. NewEdge Advisors LLC now owns 5,090 shares of the company’s stock valued at $336,000 after buying an additional 484 shares during the period. IFP Advisors Inc grew its position in WisdomTree U.S. Quality Growth Fund by 563.7% during the second 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 during the period. Finally, XY Planning Network Inc. increased its holdings in WisdomTree U.S. Quality Growth Fund by 7.7% during the second quarter. XY Planning Network Inc. now owns 12,358 shares of the company’s stock valued at $816,000 after buying an additional 883 shares during the last quarter.

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.