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)’s stock 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 changing hands.

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

The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 36.83 and a beta of 1.33. The business has a 50 day moving average of $67.64 and a 200 day moving average of $63.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QGRW. MGO One Seven LLC boosted its stake in shares of WisdomTree U.S. Quality Growth Fund by 0.3% during the 3rd quarter. MGO One Seven LLC now owns 60,087 shares of the company’s stock worth $4,127,000 after purchasing an additional 192 shares during the last quarter. Tempus Wealth Planning LLC grew its holdings in shares of WisdomTree U.S. Quality Growth Fund by 5.3% during the third quarter. Tempus Wealth Planning LLC now owns 4,864 shares of the company’s stock worth $334,000 after buying an additional 247 shares in the last quarter. ZEGA Investments LLC grew its holdings in shares of WisdomTree U.S. Quality Growth Fund by 8.6% during the second quarter. ZEGA Investments LLC now owns 5,694 shares of the company’s stock worth $376,000 after buying an additional 451 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of WisdomTree U.S. Quality Growth Fund by 10.5% in 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 last quarter. Finally, WealthPoint Financial LLC raised its position in shares of WisdomTree U.S. Quality Growth Fund by 5.7% in the first quarter. WealthPoint Financial LLC now owns 9,449 shares of the company’s stock valued at $505,000 after buying an additional 512 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.