WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Trading Up 0.9% – What’s Next?

Shares of WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) rose 0.9% during mid-day trading on Tuesday . The company traded as high as $66.36 and last traded at $66.23. 144,222 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 343,566 shares. The stock had previously closed at $65.62.

WisdomTree U.S. Quality Growth Fund Stock Performance

The firm’s 50-day moving average price is $65.55 and its two-hundred day moving average price is $60.44. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 36.83 and a beta of 1.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Planning Group LLC lifted its position in WisdomTree U.S. Quality Growth Fund by 2.8% during the 1st quarter. Retirement Planning Group LLC now owns 4,330,872 shares of the company’s stock worth $231,399,000 after buying an additional 116,663 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of WisdomTree U.S. Quality Growth Fund by 3.5% in the fourth quarter. HighTower Advisors LLC now owns 3,474,401 shares of the company’s stock worth $203,843,000 after acquiring an additional 117,413 shares during the last quarter. LPL Financial LLC raised its stake in shares of WisdomTree U.S. Quality Growth Fund by 8.9% in the fourth quarter. LPL Financial LLC now owns 2,817,821 shares of the company’s stock worth $165,322,000 after acquiring an additional 230,242 shares during the last quarter. Morgan Stanley raised its stake in shares of WisdomTree U.S. Quality Growth Fund by 3.7% in the fourth quarter. Morgan Stanley now owns 2,344,690 shares of the company’s stock worth $137,563,000 after acquiring an additional 83,191 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of WisdomTree U.S. Quality Growth Fund by 29.5% during the first quarter. Bank of America Corp DE now owns 2,039,375 shares of the company’s stock worth $108,964,000 after purchasing an additional 464,860 shares in 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.