WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sees Unusually-High Trading Volume – Still a Buy?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) saw strong trading volume on Friday . 563,728 shares changed hands during mid-day trading, an increase of 176% from the previous session’s volume of 204,147 shares.The stock last traded at $49.39 and had previously closed at $49.32.

WisdomTree U.S. Quality Growth Fund Stock Up 0.5%

The stock has a market cap of $1.18 billion, a P/E ratio of 34.01 and a beta of 1.22. The firm has a 50 day moving average price of $44.31 and a 200 day moving average price of $47.57.

Institutional Trading of WisdomTree U.S. Quality Growth Fund

A number of hedge funds and other institutional investors have recently modified their holdings of QGRW. JPMorgan Chase & Co. lifted its stake in shares of WisdomTree U.S. Quality Growth Fund by 17.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,352 shares of the company’s stock valued at $290,000 after buying an additional 960 shares in the last quarter. Park Avenue Securities LLC bought a new stake in WisdomTree U.S. Quality Growth Fund during the fourth quarter valued at about $254,000. Farrell Financial LLC purchased a new position in shares of WisdomTree U.S. Quality Growth Fund in the fourth quarter valued at about $237,000. Oxinas Partners Wealth Management LLC lifted its position in shares of WisdomTree U.S. Quality Growth Fund by 11.6% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 107,921 shares of the company’s stock valued at $5,316,000 after acquiring an additional 11,181 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of WisdomTree U.S. Quality Growth Fund by 10.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 50,512 shares of the company’s stock worth $2,488,000 after acquiring an additional 4,792 shares during the period.

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.