WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sets New 1-Year High - Still a Buy?

Key Points

• The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) reached a new 52-week high of $87.50 during trading, marking a significant milestone for the fund.
• The fund recently declared a dividend of $0.05 per share, which was paid out on July 30th, after an ex-dividend date of July 28th.
• Multiple institutional investors have adjusted their positions in DGRW, with some firms like New World Advisors LLC increasing their stakes by 1.8% in the second quarter.

Shares of WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $87.50 and last traded at $87.48, with a volume of 687380 shares changing hands. The stock had previously closed at $87.00.

WisdomTree U.S. Quality Dividend Growth Fund Stock Up 0.0%

The company has a market cap of $16.38 billion, a price-to-earnings ratio of 22.10 and a beta of 0.88. The company's 50-day moving average is $84.51 and its 200 day moving average is $81.45.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 30th. Investors of record on Monday, July 28th were given a dividend of $0.05 per share. The ex-dividend date was Monday, July 28th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth about $25,000. SouthState Corp acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth about $27,000. AlphaCore Capital LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth about $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 4th quarter worth about $32,000. Finally, GHP Investment Advisors Inc. raised its position 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 worth $35,000 after purchasing an additional 340 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.