WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Hits New 1-Year High – Should You Buy?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) reached a new 52-week high during trading on Monday . The company traded as high as $69.01 and last traded at $69.06, with a volume of 57938 shares traded. The stock had previously closed at $67.27.

WisdomTree U.S. Quality Growth Fund Stock Performance

The stock has a market cap of $3.11 billion, a P/E ratio of 36.83 and a beta of 1.32. The company has a 50-day simple moving average of $66.61 and a 200-day simple moving average of $63.42.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QGRW. Waverly Advisors LLC acquired a new position in shares of WisdomTree U.S. Quality Growth Fund during the 1st quarter worth about $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of WisdomTree U.S. Quality Growth Fund in the 2nd quarter valued at approximately $63,000. IFP Advisors Inc boosted its stake in WisdomTree U.S. Quality Growth Fund by 563.7% during the 2nd quarter. IFP Advisors Inc now owns 1,334 shares of the company’s stock worth $88,000 after acquiring an additional 1,133 shares during the last quarter. Markowski Investments acquired a new position in WisdomTree U.S. Quality Growth Fund during the second quarter valued at approximately $101,000. Finally, Fifth Third Bancorp bought a new stake in WisdomTree U.S. Quality Growth Fund in the first quarter valued at approximately $88,000.

About WisdomTree U.S. Quality Growth Fund

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.