American Century STOXX U.S. Quality Growth ETF (NYSEARCA:QGRO) Sees Large Volume Increase – Should You Buy?

Shares of American Century STOXX U.S. Quality Growth ETF (NYSEARCA:QGRO) saw strong trading volume on Thursday . 189,980 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 61,850 shares.The stock last traded at $96.38 and had previously closed at $100.26.

American Century STOXX U.S. Quality Growth ETF Price Performance

The stock has a market capitalization of $1.17 billion, a P/E ratio of 32.53 and a beta of 1.08. The firm has a 50 day moving average of $103.79 and a 200-day moving average of $98.07.

Institutional Investors Weigh In On American Century STOXX U.S. Quality Growth ETF

A number of institutional investors have recently added to or reduced their stakes in QGRO. Mainstay Capital Management LLC ADV boosted its holdings in American Century STOXX U.S. Quality Growth ETF by 375.0% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,168,742 shares of the company’s stock valued at $116,524,000 after purchasing an additional 922,695 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in American Century STOXX U.S. Quality Growth ETF during the fourth quarter valued at approximately $41,624,000. Independent Advisor Alliance acquired a new position in shares of American Century STOXX U.S. Quality Growth ETF in the 4th quarter worth approximately $27,644,000. LPL Financial LLC boosted its holdings in shares of American Century STOXX U.S. Quality Growth ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 1,375,211 shares of the company’s stock worth $137,109,000 after acquiring an additional 132,971 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of American Century STOXX U.S. Quality Growth ETF by 163.4% in the 4th quarter. Bank of America Corp DE now owns 162,887 shares of the company’s stock worth $16,240,000 after acquiring an additional 101,041 shares in the last quarter.

American Century STOXX U.S. Quality Growth ETF Company Profile

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks. Holdings are selected and weighted by growth and quality factors. QGRO was launched on Sep 10, 2018 and is managed by American Century Investments.