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-high trading volume on Friday. 1,364,335 shares were traded during mid-day trading, an increase of 327% from the average daily volume of 319,165 shares. The stock last traded at $62.6550 and had previously closed at $61.91.

WisdomTree U.S. Quality Growth Fund Stock Up 1.0%

The firm has a market cap of $3.04 billion, a P/E ratio of 36.83 and a beta of 1.33. The business has a fifty day simple moving average of $67.64 and a 200-day simple moving average of $63.23.

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

Several hedge funds have recently bought and sold shares of QGRW. Waverly Advisors LLC bought a new position in shares of WisdomTree U.S. Quality Growth Fund during the first quarter valued at approximately $29,000. Ameritas Advisory Services LLC purchased a new stake in shares of WisdomTree U.S. Quality Growth Fund in the 2nd quarter worth approximately $63,000. Polaris Financial Partners purchased a new stake in shares of WisdomTree U.S. Quality Growth Fund in the 3rd quarter worth approximately $82,000. IFP Advisors Inc increased its position in WisdomTree U.S. Quality Growth Fund by 563.7% during the 2nd quarter. IFP Advisors Inc now owns 1,334 shares of the company’s stock valued at $88,000 after buying an additional 1,133 shares in the last quarter. Finally, Markowski Investments bought a new position in WisdomTree U.S. Quality Growth Fund during the 2nd quarter valued at approximately $101,000.

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.