WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW)’s stock price was up 8.4% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as $36.52 and last traded at $36.48, approximately 1,001,700 shares were traded during mid-day trading. An increase of 97% from the average daily volume of 507,451 shares. The stock had previously closed at $33.65.

The newly announced dividend which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 3.24%. This is a boost from WisdomTree U.S. Quality Dividend Growth Fund’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, March 24th.

The firm’s 50-day simple moving average is $44.42 and its 200-day simple moving average is $46.29.

Several hedge funds and other institutional investors have recently bought and sold shares of DGRW. Envestnet Asset Management Inc. raised its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 215.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 695,073 shares of the company’s stock valued at $33,690,000 after buying an additional 474,848 shares during the last quarter. Astoria Strategic Wealth Inc. purchased a new position in WisdomTree U.S. Quality Dividend Growth Fund in the fourth quarter worth approximately $8,871,000. One Capital Management LLC raised its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 32.2% during the fourth quarter. One Capital Management LLC now owns 669,424 shares of the company’s stock worth $32,447,000 after purchasing an additional 162,890 shares in the last quarter. Bank of America Corp DE increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 1.7% during the 4th quarter. Bank of America Corp DE now owns 7,862,917 shares of the company’s stock worth $381,117,000 after purchasing an additional 133,196 shares in the last quarter. Finally, Blue Sky Asset Management LLC acquired a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the 4th quarter worth approximately $5,790,000.

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