WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Shares Up 0.5% - Here's Why

Key Points

• WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) saw its stock price increase by 0.5%, trading at $85.64, with a notable decline in trading volume.
• The fund recently cut its dividend, with shareholders receiving a dividend of $0.05 that was paid on July 30th.
• Several institutional investors, including Bfsg LLC and GHP Investment Advisors Inc., have recently modified their positions in the fund, indicating growing interest from hedge funds.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - Get Free Report)'s stock price rose 0.5% on Wednesday . The company traded as high as $85.83 and last traded at $85.64. Approximately 477,361 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 667,460 shares. The stock had previously closed at $85.20.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 22.10 and a beta of 0.88. The firm's fifty day simple moving average is $83.96 and its 200 day simple moving average is $81.36.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, July 28th were issued 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 have recently bought and sold shares of the stock. Bfsg LLC acquired a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth approximately $25,000. SouthState Corp acquired a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the first quarter valued at approximately $27,000. AlphaCore Capital LLC acquired a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the first quarter valued at approximately $31,000. Mpwm Advisory Solutions LLC bought a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the fourth quarter worth $32,000. Finally, GHP Investment Advisors Inc. boosted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 340.0% during the first 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.

WisdomTree U.S. Quality Dividend Growth Fund Company Profile

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.