WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sees Large Volume Increase – Time to Buy?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) saw unusually-strong trading volume on Wednesday . Approximately 803,263 shares traded hands during trading, an increase of 123% from the previous session’s volume of 360,773 shares.The stock last traded at $65.0210 and had previously closed at $64.10.

WisdomTree U.S. Quality Growth Fund Price Performance

The stock has a market cap of $2.41 billion, a PE ratio of 36.83 and a beta of 1.29. The firm’s 50 day moving average price is $58.66 and its two-hundred day moving average price is $58.45.

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

Several hedge funds have recently bought and sold shares of the stock. Retirement Planning Group LLC lifted its stake 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 valued at $231,399,000 after acquiring an additional 116,663 shares during the period. HighTower Advisors LLC grew its holdings in WisdomTree U.S. Quality Growth Fund by 3.5% during the 4th quarter. HighTower Advisors LLC now owns 3,474,401 shares of the company’s stock valued at $203,843,000 after buying an additional 117,413 shares in the last quarter. LPL Financial LLC grew its holdings in WisdomTree U.S. Quality Growth Fund by 8.9% during the 4th quarter. LPL Financial LLC now owns 2,817,821 shares of the company’s stock valued at $165,322,000 after buying an additional 230,242 shares in the last quarter. Morgan Stanley grew its holdings in WisdomTree U.S. Quality Growth Fund by 3.7% during the 4th quarter. Morgan Stanley now owns 2,344,690 shares of the company’s stock valued at $137,563,000 after buying an additional 83,191 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of WisdomTree U.S. Quality Growth Fund by 29.5% during the 1st quarter. Bank of America Corp DE now owns 2,039,375 shares of the company’s stock valued at $108,964,000 after acquiring an additional 464,860 shares during 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.