Ridgeline Wealth LLC Takes $8.90 Million Position in American Century U.S. Quality Growth ETF $QGRO

Ridgeline Wealth LLC acquired a new stake in shares of American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,375 shares of the company’s stock, valued at approximately $8,898,000. American Century U.S. Quality Growth ETF accounts for approximately 5.1% of Ridgeline Wealth LLC’s portfolio, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trademark Financial Management LLC raised its stake in American Century U.S. Quality Growth ETF by 3.0% during the 1st quarter. Trademark Financial Management LLC now owns 3,166 shares of the company’s stock worth $333,000 after acquiring an additional 92 shares during the period. Astoria Portfolio Advisors LLC. lifted its holdings in American Century U.S. Quality Growth ETF by 2.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 4,442 shares of the company’s stock valued at $503,000 after purchasing an additional 125 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of American Century U.S. Quality Growth ETF by 2.4% in the fourth quarter. Kestra Advisory Services LLC now owns 6,311 shares of the company’s stock worth $723,000 after purchasing an additional 147 shares during the period. Comerica Bank boosted its position in shares of American Century U.S. Quality Growth ETF by 7.7% in the fourth quarter. Comerica Bank now owns 2,339 shares of the company’s stock worth $268,000 after purchasing an additional 167 shares during the period. Finally, SHP Wealth Management purchased a new stake in shares of American Century U.S. Quality Growth ETF in the fourth quarter worth $28,000.

American Century U.S. Quality Growth ETF Price Performance

Shares of QGRO stock opened at $118.49 on Friday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 32.09 and a beta of 1.09. American Century U.S. Quality Growth ETF has a one year low of $101.04 and a one year high of $121.01. The company’s fifty day moving average price is $117.03 and its 200-day moving average price is $113.50.

About American Century U.S. Quality Growth ETF

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks. Holdings are selected and weighted by growth and quality factors. QGRO was launched on Sep 10, 2018 and is managed by American Century Investments.