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

Sanghamitra Saha

For investors seeking momentum, WisdomTree US Quality Dividend Growth ETF DGRW is probably on radar now. The fund just hit a 52-week high, and is up about 24.6% from its 52-week low price of $27.45 per 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 ETF looks to follow the investment results of dividend-paying large-cap companies with growth characteristics in the U.S. equity market. The fund has a large cap focus with key holdings in the Information Technology, Industrials, Health Care, Consumer Discretionary and Consumer Staples segments. DGRW charges investors 28 basis points a year in fees and has top holdings in Johnson & Johnson, Apple and Microsoft (see: all large-cap ETFs here).  

Why the Move?

Markets may be hitting highs sporadically, but uncertainty prevails. President Trump’s controversial plans and policies like immigration curb, travel ban, border tax, and termination of trade agreements have flared up concerns over trade, economic growth and political stability. In such a scenario, investors will definitely want to bet on quality dividend stocks like what we see in this ETF portfolio.  

More Gains Ahead?

Currently, DGRW has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. The fund also has a positive weighted alpha of 19.00. A positive weighted alpha hints at more gains.

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WISTR-US QD (DGRW): ETF Research Reports
 
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