WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sees Strong Trading Volume – Still a Buy?

Shares of WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) saw unusually-high trading volume on Wednesday . Approximately 803,263 shares changed hands during mid-day trading, an increase of 123% from the previous session’s volume of 360,773 shares.The stock last traded at $65.0210 and had previously closed at $64.10.

WisdomTree U.S. Quality Growth Fund Stock Up 0.2%

The firm has a market capitalization of $2.43 billion, a PE ratio of 36.83 and a beta of 1.29. The company’s 50-day simple moving average is $58.99 and its 200 day simple moving average is $58.52.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 64.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,356,988 shares of the company’s stock valued at $192,557,000 after purchasing an additional 1,317,154 shares during the last quarter. Bank of America Corp DE raised its stake in WisdomTree U.S. Quality Growth Fund by 142.3% in the third quarter. Bank of America Corp DE now owns 1,546,733 shares of the company’s stock valued at $88,721,000 after buying an additional 908,416 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in WisdomTree U.S. Quality Growth Fund by 15,576.4% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 723,464 shares of the company’s stock valued at $42,446,000 after buying an additional 718,849 shares during the last quarter. Horizon Wealth Management LLC acquired a new stake in WisdomTree U.S. Quality Growth Fund in the fourth quarter worth about $30,212,000. Finally, Osaic Holdings Inc. grew its stake in shares of WisdomTree U.S. Quality Growth Fund by 697.0% during the fourth quarter. Osaic Holdings Inc. now owns 374,511 shares of the company’s stock worth $21,974,000 after acquiring an additional 327,521 shares during 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.