##  [# WisdomTree Launches Momentum Growth ETF](/sections/daily-etf-watch/wisdomtree-launches-momentum-growth-etf) 

 

# WisdomTree Launches Momentum Growth ETF

 

 

The firm’s betting on monthly reconstitutions.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Jun 25, 2021

 Edited by: Dan Mika

 

 

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WisdomTree dipped its toes into a new investing strategy with the launch of the [**WisdomTree U.S. Growth &amp; Momentum Fund (WGRO)**](https://www.sec.gov/Archives/edgar/data/0001350487/000121465921006883/e621215497k.htm) on Thursday. It’s the issuer’s first ETF to specifically combine these two factors.

The fund lists on the Nasdaq and carries a 0.55% expense ratio. As of noon Eastern Time on Thursday, it has a little over $1 million in assets under management.

WGRO follows an index produced by O’Neil Global Advisors that tracks stocks with more than $250 million in market capitalization and an average daily volume of more than $1 million for each of the trailing three months. The index is strongly weighted toward consumer discretionary and information technology stocks, with companies in those two sectors forming 55.5% of the holdings.

The index holds 50 to 100 companies selected using a methodology that considers long-term momentum and short-term mean reversion characteristics; volatility; growth characteristics; and “hotness,” or how a stock’s volume has changed relative to its historical averages. Reconstitutions occur monthly. The goal, according to the fund’s prospectus, is to identify low points in stocks that have a track record of strong long-term performance.

*Contact Dan Mika at* [***dmika@etf.com***](mailto:dmika@etf.com)*, and follow him on* [***Twitter***](https://twitter.com/DanMikaTweets)*.*



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


 Related Topics  [Smart-Beta](http://www.etf.com/topics/smart-beta) 

 [Growth](http://www.etf.com/topics/growth) 

 [Momentum](http://www.etf.com/topics/momentum) 

 [U.S.](http://www.etf.com/topics/us)