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WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Hits New 12-Month High - Still a Buy?

WisdomTree U.S. Quality Dividend Growth Fund logo with Manufacturing background

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.
  • Five stocks we like better than WisdomTree U.S. Quality Dividend Growth Fund.

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

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

The company has a market capitalization of $16.66 billion, a P/E ratio of 22.10 and a beta of 0.88. The firm's fifty day moving average is $86.35 and its 200 day moving average is $82.02.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were paid a $0.175 dividend. The ex-dividend date was Wednesday, June 25th. This is an increase from WisdomTree U.S. Quality Dividend Growth Fund's previous dividend of $0.09.

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

Several hedge funds have recently modified their holdings of the business. New World Advisors LLC lifted its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 1.8% in the 2nd quarter. New World Advisors LLC now owns 6,566 shares of the company's stock worth $550,000 after purchasing an additional 119 shares during the period. Tradition Wealth Management LLC lifted its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 5.1% in the 1st quarter. Tradition Wealth Management LLC now owns 2,678 shares of the company's stock worth $214,000 after purchasing an additional 129 shares during the period. Key Financial Inc lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 8.2% during the second quarter. Key Financial Inc now owns 1,706 shares of the company's stock valued at $143,000 after acquiring an additional 130 shares during the last quarter. NewSquare Capital LLC lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 0.9% during the first quarter. NewSquare Capital LLC now owns 14,070 shares of the company's stock valued at $1,124,000 after acquiring an additional 132 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 0.9% during the second quarter. Robertson Stephens Wealth Management LLC now owns 15,800 shares of the company's stock valued at $1,323,000 after acquiring an additional 136 shares during the last quarter.

About WisdomTree U.S. Quality Dividend Growth Fund

(Get Free Report)

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.

Further Reading

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