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

Key Points

• The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) recently reached a new 52-week high, trading at $86.31, with a market cap of $16.21 billion.
• The fund announced a $0.05 dividend paid to shareholders, reflecting a recent cut from previous distributions.
• Multiple institutional investors, including Alliancebernstein L.P. and Franklin Resources Inc., have recently increased their stakes in the fund, indicating growing interest from hedge funds.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - ) hit a new 52-week high during trading on Friday . The company traded as high as $86.31 and last traded at $86.22, with a volume of 244264 shares. The stock had previously closed at $85.50.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

The company has a market cap of $16.21 billion, a PE ratio of 22.10 and a beta of 0.88. The company has a 50 day simple moving average of $83.85 and a two-hundred day simple moving average of $81.35.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, July 28th were paid a $0.05 dividend. The ex-dividend date was Monday, July 28th.

Hedge Funds Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in WisdomTree U.S. Quality Dividend Growth Fund by 87.4% during the fourth quarter. Alliancebernstein L.P. now owns 15,922 shares of the company's stock valued at $1,289,000 after acquiring an additional 7,427 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 16.6% during the 4th quarter. Franklin Resources Inc. now owns 21,163 shares of the company's stock valued at $1,713,000 after purchasing an additional 3,008 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 4th quarter valued at $61,000. Bank of Montreal Can lifted its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 17.6% in the 4th quarter. Bank of Montreal Can now owns 14,401 shares of the company's stock valued at $1,165,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 3.4% in the fourth quarter. Advisory Services Network LLC now owns 21,766 shares of the company's stock worth $1,762,000 after purchasing an additional 717 shares in 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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