WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sets New 12-Month High - What's Next?

Key Points

• The WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) reached a new 52-week high of $88.98 during trading, last trading at $88.60 with a volume of 22,823 shares.
• The fund announced an increased dividend payout of $0.175, up from the previous dividend of $0.09, payable to shareholders of record on June 25th.
• Institutional investors are showing strong interest, with several hedge funds initiating new positions or significantly increasing stakes in the fund during the first quarter.

Shares of WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $88.98 and last traded at $88.60, with a volume of 22823 shares traded. The stock had previously closed at $88.68.

WisdomTree U.S. Quality Dividend Growth Fund Price Performance

The stock has a market capitalization of $16.67 billion, a PE ratio of 22.10 and a beta of 0.88. The stock's 50 day simple moving average is $86.43 and its two-hundred day simple moving average is $82.06.

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 a positive change from WisdomTree U.S. Quality Dividend Growth Fund's previous dividend of $0.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bfsg LLC purchased a new position in WisdomTree U.S. Quality Dividend Growth Fund in the first quarter valued at about $25,000. SouthState Corp purchased a new position in WisdomTree U.S. Quality Dividend Growth Fund in the first quarter valued at about $27,000. AlphaCore Capital LLC purchased a new position in WisdomTree U.S. Quality Dividend Growth Fund in the first quarter valued at about $31,000. Mpwm Advisory Solutions LLC bought a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the fourth quarter valued at approximately $32,000. Finally, GHP Investment Advisors Inc. raised its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 340.0% in the first 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.

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