WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Reaches New 1-Year High – What’s Next?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) reached a new 52-week high during trading on Tuesday . The stock traded as high as $66.51 and last traded at $66.50, with a volume of 30407 shares. The stock had previously closed at $65.35.

WisdomTree U.S. Quality Growth Fund Trading Up 1.1%

The company has a market cap of $2.49 billion, a price-to-earnings ratio of 36.83 and a beta of 1.29. The firm’s fifty day simple moving average is $59.78 and its 200 day simple moving average is $58.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Retirement Planning Group LLC boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 2.8% in the 1st quarter. Retirement Planning Group LLC now owns 4,330,872 shares of the company’s stock valued at $231,399,000 after buying an additional 116,663 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 3.5% in the 4th quarter. HighTower Advisors LLC now owns 3,474,401 shares of the company’s stock valued at $203,843,000 after buying an additional 117,413 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 8.9% in the 4th quarter. LPL Financial LLC now owns 2,817,821 shares of the company’s stock valued at $165,322,000 after buying an additional 230,242 shares in the last quarter. Morgan Stanley boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 3.7% in the 4th quarter. Morgan Stanley now owns 2,344,690 shares of the company’s stock valued at $137,563,000 after buying an additional 83,191 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 29.5% in the 1st quarter. Bank of America Corp DE now owns 2,039,375 shares of the company’s stock valued at $108,964,000 after buying an additional 464,860 shares in 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.