WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Reaches New 12-Month High – Still a Buy?

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $92.02 and last traded at $91.98, with a volume of 134879 shares. The stock had previously closed at $91.56.

WisdomTree U.S. Quality Dividend Growth Fund Trading Up 0.4%

The company’s 50-day moving average is $90.18 and its two-hundred day moving average is $88.64. The stock has a market capitalization of $16.25 billion, a P/E ratio of 22.10 and a beta of 0.85.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th were issued a dividend of $0.025 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, January 27th.

Institutional Trading of WisdomTree U.S. Quality Dividend Growth Fund

Several hedge funds have recently added to or reduced their stakes in the business. Palisade Asset Management LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the third quarter valued at $27,000. Assetmark Inc. grew its position in WisdomTree U.S. Quality Dividend Growth Fund by 1,243.3% in the 3rd quarter. Assetmark Inc. now owns 403 shares of the company’s stock valued at $36,000 after buying an additional 373 shares in the last quarter. Optima Capital LLC acquired a new position in WisdomTree U.S. Quality Dividend Growth Fund during the 4th quarter valued at about $37,000. Sound Income Strategies LLC raised its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 235.7% during the 4th quarter. Sound Income Strategies LLC now owns 480 shares of the company’s stock worth $44,000 after buying an additional 337 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 4th quarter worth approximately $43,000.

WisdomTree U.S. Quality Dividend Growth Fund Company Profile

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.