WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sees Unusually-High Trading Volume – What’s Next?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) shares saw unusually-high trading volume on Wednesday . Approximately 1,796,015 shares changed hands during mid-day trading, an increase of 445% from the previous session’s volume of 329,838 shares.The stock last traded at $54.45 and had previously closed at $53.43.

WisdomTree U.S. Quality Growth Fund Stock Up 1.3%

The stock has a market cap of $2.12 billion, a P/E ratio of 36.83 and a beta of 1.23. The stock has a fifty day simple moving average of $56.62 and a 200-day simple moving average of $57.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in WisdomTree U.S. Quality Growth Fund by 8.1% in the second quarter. JPMorgan Chase & Co. now owns 2,605 shares of the company’s stock valued at $137,000 after purchasing an additional 195 shares in the last quarter. Park Avenue Securities LLC raised its holdings in WisdomTree U.S. Quality Growth Fund by 1.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,653 shares of the company’s stock worth $684,000 after purchasing an additional 211 shares during the period. JNBA Financial Advisors boosted its position in shares of WisdomTree U.S. Quality Growth Fund by 58.9% during the third quarter. JNBA Financial Advisors now owns 834 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of WisdomTree U.S. Quality Growth Fund by 0.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 61,334 shares of the company’s stock worth $3,598,000 after purchasing an additional 338 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of WisdomTree U.S. Quality Growth Fund by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,801 shares of the company’s stock valued at $935,000 after buying an additional 363 shares during the period.

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.