WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sets New 52-Week High – Should You Buy?

Shares of WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) reached a new 52-week high during trading on Thursday . The stock traded as high as $61.49 and last traded at $61.49, with a volume of 168372 shares trading hands. The stock had previously closed at $60.30.

WisdomTree U.S. Quality Growth Fund Price Performance

The company’s 50-day simple moving average is $56.36 and its 200 day simple moving average is $57.80. The firm has a market cap of $2.24 billion, a P/E ratio of 36.83 and a beta of 1.26.

Hedge Funds Weigh In On WisdomTree U.S. Quality Growth Fund

Several institutional investors have recently bought and sold shares of QGRW. Royal Bank of Canada bought a new position in WisdomTree U.S. Quality Growth Fund during the first quarter valued at $814,000. Jane Street Group LLC bought a new stake in shares of WisdomTree U.S. Quality Growth Fund in the 1st quarter worth about $533,000. JPMorgan Chase & Co. lifted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 8.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,605 shares of the company’s stock worth $137,000 after acquiring an additional 195 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 7.0% in the 2nd quarter. Bank of America Corp DE now owns 638,317 shares of the company’s stock worth $33,544,000 after acquiring an additional 41,521 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,801 shares of the company’s stock worth $935,000 after acquiring an additional 363 shares during the last quarter.

WisdomTree U.S. Quality Growth Fund Company Profile

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.