American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) Reaches New 1-Year High – Still a Buy?

American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $116.19 and last traded at $116.39, with a volume of 9460 shares trading hands. The stock had previously closed at $115.19.

American Century U.S. Quality Growth ETF Stock Up 0.5%

The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 32.09 and a beta of 1.08. The company has a fifty day moving average price of $112.97 and a two-hundred day moving average price of $107.07.

Institutional Investors Weigh In On American Century U.S. Quality Growth ETF

Several large investors have recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of American Century U.S. Quality Growth ETF by 17.0% during the first quarter. LPL Financial LLC now owns 1,608,582 shares of the company’s stock worth $150,676,000 after purchasing an additional 233,371 shares during the last quarter. Mainstay Capital Management LLC ADV raised its stake in shares of American Century U.S. Quality Growth ETF by 29.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,246,969 shares of the company’s stock worth $136,069,000 after purchasing an additional 280,019 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of American Century U.S. Quality Growth ETF by 0.4% during the second quarter. Great Valley Advisor Group Inc. now owns 871,588 shares of the company’s stock worth $95,108,000 after purchasing an additional 3,228 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of American Century U.S. Quality Growth ETF by 58.4% during the second quarter. Raymond James Financial Inc. now owns 747,648 shares of the company’s stock worth $81,583,000 after purchasing an additional 275,696 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of American Century U.S. Quality Growth ETF by 33.3% during the second quarter. Osaic Holdings Inc. now owns 415,538 shares of the company’s stock worth $45,344,000 after purchasing an additional 103,712 shares during the last quarter.

American Century U.S. Quality Growth ETF Company Profile

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks. Holdings are selected and weighted by growth and quality factors. QGRO was launched on Sep 10, 2018 and is managed by American Century Investments.