WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Trading 0.5% Higher - Still a Buy?

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 traded up 0.5% during trading on Wednesday . The company traded as high as $85.83 and last traded at $85.64. 477,361 shares were traded during mid-day trading, a decline of 28% from the average session volume of 667,460 shares. The stock had previously closed at $85.20.

WisdomTree U.S. Quality Dividend Growth Fund Price Performance

The firm's 50 day simple moving average is $83.85 and its two-hundred day simple moving average is $81.35. The firm has a market capitalization of $16.08 billion, a P/E ratio of 22.10 and a beta of 0.88.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The business also recently declared 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 of this dividend was Monday, July 28th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC bought a new position in WisdomTree U.S. Quality Dividend Growth Fund in the 4th quarter worth $114,918,000. LPL Financial LLC increased its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 6.6% during the first quarter. LPL Financial LLC now owns 12,792,685 shares of the company's stock valued at $1,021,624,000 after buying an additional 792,918 shares during the period. Comerica Bank raised its stake in WisdomTree U.S. Quality Dividend Growth Fund by 1,081.8% in the fourth quarter. Comerica Bank now owns 784,589 shares of the company's stock worth $63,497,000 after buying an additional 718,200 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 38.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,126,748 shares of the company's stock worth $178,094,000 after buying an additional 585,942 shares during the period. Finally, Silver Oak Securities Incorporated boosted its position in WisdomTree U.S. Quality Dividend Growth Fund by 8,470.0% during the 1st quarter. Silver Oak Securities Incorporated now owns 484,376 shares of the company's stock valued at $38,682,000 after acquiring an additional 478,724 shares in 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.