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U.S. Quality Dividend ETF (DGRW) Hits New 52-Week High

Sanghamitra Saha
Is (TDS) Outperforming Other Utilities Stocks This Year?
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For investors seeking momentum, Wisdomtree U.S. Dividend Growth Fund DGRW is probably on radar now. The fund just hit a 52-week high and is up nearly 25% from its 52-week low price of $31.06/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

DGRW in Focus

This fund looks to track the WisdomTree U.S. Dividend Growth Index. Johnson & Johnson, Apple and Microsoft hold the top three spots in the fund. Information Technology, Health Care and Industrials are the top three sectors of the fund. The product charges 28 bps in fees (see all large-cap ETFs here).

Why the Move?

Economic readings came out mixed lately. While the U.S. economy saw a 13-year high manufacturing number, it saw a decline in payroll data. Several data released for the month of September carry some impact of hurricanes. Market watchers and some Fed officials still believe that the U.S. economy is on a strong footing and may see a Fed rate hike in December.

Then again, subdued inflation is making some Fed members cautious about further policy tightening. The Fed is actually in two minds. Amid such uncertainty, a look at this quality dividend ETF makes sense.

More Gains Ahead? 

The fund currently has a Zacks ETF Rank #2 (Buy). Plus, it seems that this fund might stay strong given a positive weighted alpha of 21.30. As a result, there is still some promise for investors who want to ride on this surging ETF.

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WISTR-US QD (DGRW): ETF Research Reports
 
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