WisdomTree U.S. SmallCap Quality Dividend Growth Fund (NASDAQ:DGRS) Announces Dividend Increase - $0.16 Per Share

Key Points

• $0.155 monthly dividend declared, payable Mar 30 to holders of record Mar 26, which is a 416.7% increase from the prior $0.03 and implies an annualized yield of about 3.5%.
• Shares traded down about 0.7% to $53.02 after the announcement; the ETF has a market cap of $360.5 million, a P/E of 12.34 and a 52‑week range of $40.14–$57.06.
• The fund is an ETF launched in 2013 that tracks a dividend-weighted index of U.S. small-cap growth stocks, and recently saw modest institutional buying from firms such as Captrust, JPMorgan and others.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (NASDAQ:DGRS - Get Free Report) declared a monthly dividend on Wednesday, March 25th. Shareholders of record on Thursday, March 26th will be paid a dividend of 0.155 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, March 26th. This is a 416.7% increase from WisdomTree U.S. SmallCap Quality Dividend Growth Fund's previous monthly dividend of $0.03.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund Stock Down 0.7%

Shares of DGRS traded down $0.36 during mid-day trading on Thursday, hitting $53.02. 23,780 shares of the company's stock were exchanged, compared to its average volume of 32,696. WisdomTree U.S. SmallCap Quality Dividend Growth Fund has a 52 week low of $40.14 and a 52 week high of $57.06. The stock's 50-day simple moving average is $54.21 and its 200-day simple moving average is $51.42. The firm has a market cap of $360.54 million, a price-to-earnings ratio of 12.34 and a beta of 1.06.

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

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 1.3% in the 2nd quarter. Captrust Financial Advisors now owns 51,048 shares of the company's stock valued at $2,376,000 after acquiring an additional 665 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 2.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,487 shares of the company's stock worth $674,000 after purchasing an additional 293 shares in the last quarter. First National Bank Sioux Falls bought a new position in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund in the fourth quarter worth $436,000. Arkadios Wealth Advisors increased its position in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 17.1% in the third quarter. Arkadios Wealth Advisors now owns 7,232 shares of the company's stock worth $361,000 after purchasing an additional 1,057 shares during the period. Finally, Bessemer Group Inc. acquired a new position in WisdomTree U.S. SmallCap Quality Dividend Growth Fund in the third quarter valued at about $314,000.

About WisdomTree U.S. SmallCap Quality Dividend Growth Fund

The WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a dividend-weighted index of US small-cap stocks with growth characteristics. DGRS was launched on Jul 25, 2013 and is managed by WisdomTree.

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