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

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $65.48 and last traded at $65.42, with a volume of 538734 shares trading hands. The stock had previously closed at $64.74.

WisdomTree U.S. Quality Growth Fund Stock Up 1.2%

The firm has a market capitalization of $2.43 billion, a P/E ratio of 36.83 and a beta of 1.29. The company’s 50 day moving average is $57.81 and its 200-day moving average is $58.25.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in QGRW. HighTower Advisors LLC grew its stake in WisdomTree U.S. Quality Growth Fund by 64.6% in the third quarter. HighTower Advisors LLC now owns 3,356,988 shares of the company’s stock valued at $192,557,000 after acquiring an additional 1,317,154 shares during the period. Bank of America Corp DE lifted its position in shares of WisdomTree U.S. Quality Growth Fund by 142.3% during 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 purchasing an additional 908,416 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of WisdomTree U.S. Quality Growth Fund by 15,576.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 723,464 shares of the company’s stock worth $42,446,000 after buying an additional 718,849 shares during the last quarter. Horizon Wealth Management LLC purchased a new position in WisdomTree U.S. Quality Growth Fund in the fourth quarter worth $30,212,000. Finally, Retirement Planning Group LLC boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 9.2% in the 3rd quarter. Retirement Planning Group LLC now owns 4,093,976 shares of the company’s stock worth $234,830,000 after buying an additional 344,356 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.