WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sees Large Volume Increase – Should You Buy?

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) shares saw unusually-high trading volume on Thursday . Approximately 1,404,147 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 650,944 shares.The stock last traded at $83.78 and had previously closed at $83.49.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

The firm has a fifty day moving average of $82.92 and a 200 day moving average of $81.94. The firm has a market capitalization of $15.29 billion, a PE ratio of 24.83 and a beta of 0.88.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.0407 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Investors Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DGRW. Benjamin F. Edwards & Company Inc. purchased a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 2nd quarter valued at approximately $152,000. AE Wealth Management LLC boosted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 66.3% during the 2nd quarter. AE Wealth Management LLC now owns 12,744 shares of the company’s stock valued at $995,000 after acquiring an additional 5,083 shares during the last quarter. Bank of Montreal Can grew its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 7.3% during the 2nd quarter. Bank of Montreal Can now owns 11,559 shares of the company’s stock worth $906,000 after acquiring an additional 783 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 2.8% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 18,977 shares of the company’s stock worth $1,481,000 after purchasing an additional 525 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 0.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 489,367 shares of the company’s stock valued at $38,195,000 after purchasing an additional 2,922 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.