WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Hits New 1-Year High - Time to Buy?

Key Points

• The WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) reached a new 52-week high of $89.36, reflecting a positive trading day with a volume of over 1.2 million shares exchanged.
• The fund recently increased its dividend to $0.175 per share from its previous rate of $0.09, following the dividend distribution to shareholders on June 27th.
• Institutional investments in DGRW have seen notable increases, with several firms boosting their stakes during the fourth quarter, highlighting growing interest from institutional investors.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - ) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $89.32 and last traded at $89.36, with a volume of 1218041 shares changing hands. The stock had previously closed at $89.14.

WisdomTree U.S. Quality Dividend Growth Fund Trading Up 0.4%

The company has a market cap of $16.82 billion, a price-to-earnings ratio of 22.10 and a beta of 0.88. The company has a fifty day moving average price of $86.73 and a two-hundred day moving average price of $82.26.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 25th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This is a boost from WisdomTree U.S. Quality Dividend Growth Fund's previous dividend of $0.09.

Institutional Trading of WisdomTree U.S. Quality Dividend Growth Fund

Several institutional investors have recently modified their holdings of DGRW. Northern Trust Corp grew its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 5.3% during the 4th quarter. Northern Trust Corp now owns 21,406 shares of the company's stock worth $1,732,000 after purchasing an additional 1,087 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the fourth quarter valued at $312,000. United Advisor Group LLC boosted its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 7.7% in the 4th quarter. United Advisor Group LLC now owns 144,250 shares of the company's stock valued at $11,674,000 after purchasing an additional 10,314 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 4th quarter worth about $568,000. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 2.0% in the 4th quarter. Great Valley Advisor Group Inc. now owns 165,542 shares of the company's stock worth $13,397,000 after purchasing an additional 3,250 shares during the last quarter.

About WisdomTree U.S. Quality Dividend Growth Fund

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.

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