WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW – Get Free Report)’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.

WisdomTree U.S. Quality Growth Fund Stock Up 1.0%

The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 36.83 and a beta of 1.33. The business’s 50-day moving average is $67.53 and its 200-day moving average is $63.25.

Institutional Trading of WisdomTree U.S. Quality Growth Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Planning Group LLC acquired a new stake in shares of WisdomTree U.S. Quality Growth Fund in the third quarter valued at about $316,862,000. Bank of America Corp DE boosted its position in WisdomTree U.S. Quality Growth Fund by 29.5% during the first quarter. Bank of America Corp DE now owns 2,039,375 shares of the company’s stock worth $108,964,000 after acquiring an additional 464,860 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in WisdomTree U.S. Quality Growth Fund by 41.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,021,046 shares of the company’s stock worth $54,554,000 after acquiring an additional 297,582 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in WisdomTree U.S. Quality Growth Fund by 27.0% during the second quarter. Envestnet Asset Management Inc. now owns 681,763 shares of the company’s stock worth $45,017,000 after acquiring an additional 145,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in WisdomTree U.S. Quality Growth Fund during the 3rd quarter valued at about $6,049,000.

WisdomTree U.S. Quality Growth Fund Company Profile

(Get Free Report)

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.

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