WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Hits New 52-Week High – Here’s Why

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $66.51 and last traded at $66.50, with a volume of 30407 shares traded. The stock had previously closed at $65.35.

WisdomTree U.S. Quality Growth Fund Stock Up 1.5%

The company has a market cap of $2.46 billion, a price-to-earnings ratio of 36.83 and a beta of 1.29. The firm has a 50-day simple moving average of $59.35 and a 200 day simple moving average of $58.60.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. RFG Advisory LLC increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 0.5% in the first quarter. RFG Advisory LLC now owns 37,566 shares of the company’s stock valued at $2,007,000 after purchasing an additional 172 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 8.1% in the second quarter. JPMorgan Chase & Co. now owns 2,605 shares of the company’s stock valued at $137,000 after purchasing an additional 195 shares during the period. Park Avenue Securities LLC increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 1.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,653 shares of the company’s stock valued at $684,000 after purchasing an additional 211 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 0.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 61,334 shares of the company’s stock valued at $3,598,000 after purchasing an additional 338 shares during the period. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 2.1% in the second quarter. Great Valley Advisor Group Inc. now owns 17,801 shares of the company’s stock valued at $935,000 after purchasing an additional 363 shares during the period.

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.