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

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) saw an uptick in trading volume on Friday . Approximately 1,157,729 shares traded hands during trading, an increase of 266% from the previous session’s volume of 316,148 shares.The stock last traded at $66.97 and had previously closed at $67.09.

WisdomTree U.S. Quality Growth Fund Stock Performance

The stock has a market cap of $2.83 billion, a PE ratio of 36.83 and a beta of 1.32. The business has a 50-day moving average of $66.47 and a 200 day moving average of $63.17.

Institutional Investors Weigh In On WisdomTree U.S. Quality Growth Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RFG Advisory LLC increased its stake in WisdomTree U.S. Quality Growth Fund by 5.9% in the second quarter. RFG Advisory LLC now owns 39,791 shares of the company’s stock valued at $2,627,000 after purchasing an additional 2,225 shares during the last quarter. NewEdge Advisors LLC boosted its stake in WisdomTree U.S. Quality Growth Fund by 10.5% in the 2nd quarter. NewEdge Advisors LLC now owns 5,090 shares of the company’s stock worth $336,000 after buying an additional 484 shares during the last quarter. IFP Advisors Inc boosted its stake in WisdomTree U.S. Quality Growth Fund by 563.7% in the 2nd quarter. IFP Advisors Inc now owns 1,334 shares of the company’s stock worth $88,000 after buying an additional 1,133 shares during the last quarter. XY Planning Network Inc. grew its holdings in WisdomTree U.S. Quality Growth Fund by 7.7% in the 2nd quarter. XY Planning Network Inc. now owns 12,358 shares of the company’s stock valued at $816,000 after buying an additional 883 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in WisdomTree U.S. Quality Growth Fund in the 2nd quarter valued at about $63,000.

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.