WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Hits New 52-Week High – Time to Buy?

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.27 and last traded at $93.2750, with a volume of 67479 shares traded. The stock had previously closed at $93.04.

WisdomTree U.S. Quality Dividend Growth Fund Price Performance

The company has a market cap of $16.45 billion, a price-to-earnings ratio of 22.10 and a beta of 0.85. The stock has a 50-day moving average price of $90.61 and a 200 day moving average price of $88.99.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 29th. Shareholders of record on Tuesday, January 27th were issued a dividend of $0.025 per share. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, January 27th.

Institutional Investors Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

Large investors have recently made changes to their positions in the stock. Palisade Asset Management LLC bought a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the 3rd quarter valued at $27,000. Assetmark Inc. lifted its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 1,243.3% in the third quarter. Assetmark Inc. now owns 403 shares of the company’s stock valued at $36,000 after purchasing an additional 373 shares in the last quarter. Optima Capital LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the fourth quarter worth about $37,000. Stone House Investment Management LLC bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the fourth quarter worth about $43,000. Finally, Sound Income Strategies LLC raised its position in WisdomTree U.S. Quality Dividend Growth Fund by 235.7% in the 4th quarter. Sound Income Strategies LLC now owns 480 shares of the company’s stock valued at $44,000 after buying an additional 337 shares during the last quarter.

About WisdomTree U.S. Quality Dividend Growth Fund

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.