WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Trading Down 1% – Should You Sell?

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW)’s stock price dropped 1% during mid-day trading on Monday . The stock traded as low as $65.33 and last traded at $65.59. 231,097 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 360,548 shares. The stock had previously closed at $66.26.

WisdomTree U.S. Quality Growth Fund Price Performance

The company has a fifty day moving average price of $64.17 and a 200 day moving average price of $59.74. The stock has a market cap of $2.38 billion, a P/E ratio of 36.83 and a beta of 1.31.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of WisdomTree U.S. Quality Growth Fund by 142.3% during the third quarter. Bank of America Corp DE now owns 1,546,733 shares of the company’s stock valued at $88,721,000 after buying an additional 908,416 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in WisdomTree U.S. Quality Growth Fund by 15,576.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 723,464 shares of the company’s stock valued at $42,446,000 after purchasing an additional 718,849 shares during the last quarter. Horizon Wealth Management LLC acquired a new position in WisdomTree U.S. Quality Growth Fund during the 4th quarter valued at about $30,212,000. Osaic Holdings Inc. increased its holdings in WisdomTree U.S. Quality Growth Fund by 697.0% during the 4th quarter. Osaic Holdings Inc. now owns 374,511 shares of the company’s stock worth $21,974,000 after purchasing an additional 327,521 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of WisdomTree U.S. Quality Growth Fund by 333.1% in the fourth quarter. Cetera Investment Advisers now owns 371,378 shares of the company’s stock worth $21,789,000 after purchasing an additional 285,623 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.