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

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $60.77 and last traded at $60.7890, with a volume of 2996 shares changing hands. The stock had previously closed at $59.92.

WisdomTree U.S. Quality Growth Fund Stock Up 1.4%

The stock’s 50 day moving average price is $56.17 and its 200-day moving average price is $57.73. The stock has a market capitalization of $2.22 billion, a P/E ratio of 36.83 and a beta of 1.26.

Hedge Funds Weigh In On WisdomTree U.S. Quality Growth Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Planning Group LLC raised its holdings in WisdomTree U.S. Quality Growth Fund by 2.9% in the 4th quarter. Retirement Planning Group LLC now owns 4,214,209 shares of the company’s stock valued at $247,248,000 after acquiring an additional 120,233 shares during the last quarter. HighTower Advisors LLC grew its position in shares of WisdomTree U.S. Quality Growth Fund by 3.5% in the fourth quarter. HighTower Advisors LLC now owns 3,474,401 shares of the company’s stock valued at $203,843,000 after purchasing an additional 117,413 shares in the last quarter. LPL Financial LLC increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 8.9% in the fourth quarter. LPL Financial LLC now owns 2,817,821 shares of the company’s stock valued at $165,322,000 after purchasing an additional 230,242 shares during the last quarter. Trust Point Inc. increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 0.3% in the third quarter. Trust Point Inc. now owns 2,637,754 shares of the company’s stock valued at $151,302,000 after purchasing an additional 7,838 shares during the last quarter. Finally, Morgan Stanley lifted its position in WisdomTree U.S. Quality Growth Fund by 3.7% during the fourth quarter. Morgan Stanley now owns 2,344,690 shares of the company’s stock worth $137,563,000 after buying an additional 83,191 shares in the last quarter.

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.