WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Hits New 52-Week High - What's Next?

Key Points

• The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) reached a new 1-year high of $88.20, closing at $88.19.
• The fund has recently increased its dividend to $0.175 per share, up from the previous $0.09.
• Several hedge funds have initiated positions in DGRW, with increases in holdings, including a notable 340% increase by GHP Investment Advisors Inc.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $88.20 and last traded at $88.19, with a volume of 312 shares trading hands. The stock had previously closed at $87.59.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

The company has a fifty day simple moving average of $86.35 and a 200 day simple moving average of $82.02. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 22.10 and a beta of 0.88.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The firm 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. This is an increase from WisdomTree U.S. Quality Dividend Growth Fund's previous dividend of $0.09. The ex-dividend date was Wednesday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DGRW. Bfsg LLC purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth about $25,000. SouthState Corp bought a new position in WisdomTree U.S. Quality Dividend Growth Fund in the first quarter worth about $27,000. AlphaCore Capital LLC bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 1st quarter worth about $31,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund during the fourth quarter valued at approximately $32,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 340.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 440 shares of the company's stock valued at $35,000 after purchasing an additional 340 shares during the period.

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.