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

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW)’s share price hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $70.38 and last traded at $70.15, with a volume of 260420 shares changing hands. The stock had previously closed at $69.54.

WisdomTree U.S. Quality Growth Fund Stock Performance

The stock’s 50-day moving average is $67.71 and its 200 day moving average is $64.43. The stock has a market capitalization of $3.30 billion, a PE ratio of 36.83 and a beta of 1.31.

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

Several hedge funds have recently made changes to their positions in the company. RVW Wealth LLC increased its position in shares of WisdomTree U.S. Quality Growth Fund by 4.1% during the third quarter. RVW Wealth LLC now owns 1,117,209 shares of the company’s stock worth $76,730,000 after purchasing an additional 43,967 shares in the last quarter. Polaris Financial Partners purchased a new position in WisdomTree U.S. Quality Growth Fund during the 3rd quarter worth approximately $82,000. Envestnet Asset Management Inc. grew its stake in WisdomTree U.S. Quality Growth Fund by 27.0% during 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 increased its position in WisdomTree U.S. Quality Growth Fund by 5.9% during 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 period. Finally, NewEdge Advisors LLC increased 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 worth $336,000 after buying an additional 484 shares during the period.

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.