Is American Century U.S. Quality Growth ETF (QGRO) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2024
0mins
Source: NASDAQ.COM
Overview of American Century U.S. Quality Growth ETF (QGRO): Launched in 2018, QGRO offers investors exposure to the All Cap Growth category, focusing on large and mid-cap U.S. companies with strong growth and quality fundamentals, while maintaining a low expense ratio of 0.29%.
Performance and Comparison: As of September 2024, QGRO has shown a return of approximately 27.20% over the past year, with significant holdings in the Information Technology sector; however, investors may also consider lower-cost alternatives like iShares Morningstar Growth ETF and iShares Core S&P U.S. Growth ETF for similar market exposure.
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Analyst Views on NOW
Wall Street analysts forecast NOW stock price to rise
32 Analyst Rating
30 Buy
2 Hold
0 Sell
Strong Buy
Current: 106.060
Low
172.00
Averages
222.81
High
263.00
Current: 106.060
Low
172.00
Averages
222.81
High
263.00
About NOW
ServiceNow, Inc. provides an artificial intelligence (AI) platform for business transformation. The Company’s AI platform connects people, processes, data, and devices to increase productivity and maximize business outcomes. Its intelligent platform, the Now Platform, is a cloud-based solution that helps enterprises and organizations across public and private sectors digitize workflows. The workflow applications built on the Now Platform are organized into four primary areas: Technology, CRM and Industry, Core Business and Creator. Its products include IT Service Management, IT Operations Management, HR Service Delivery, ServiceNow AI Agents, AI Experience, Build Agent, ServiceNow AI Control Tower, AI Agent Fabric, RaptorDB, Workflow Data Fabric, Workplace Service Delivery, ServiceNow Platform Encryption, Telecommunications Service Operations Management, and others. The Company also offers identity security, helping organizations secure access across the enterprise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Market Performance: The S&P 500 Index rose by 0.03%, the Dow Jones Industrial Average increased by 0.42%, and the Nasdaq 100 Index gained 0.37%, indicating a market recovery driven by chipmakers and AI-related stocks, despite weakness in software stocks.
- Software Stock Pressure: Oracle's stock plummeted over 11% due to higher-than-expected capital expenditures, forecasting full-year spending of $70 billion, which is $20-25 billion above market expectations, thereby limiting overall market gains.
- Economic Data Impact: Weekly US jobless claims unexpectedly rose to 229,000, marking a four-month high and indicating a weaker labor market, while the May Producer Price Index increased by 6.5% year-on-year, the largest gain in 3.5 years, highlighting ongoing inflationary pressures.
- Geopolitical Risks: Oil prices experienced heightened volatility as President Trump threatened more aggressive actions against Iran, raising concerns about Middle East tensions that could impact global energy supplies and increase market uncertainty.
See More
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- Market Performance: The S&P 500 Index rose by 0.20%, the Dow Jones Industrial Average increased by 0.43%, and the Nasdaq 100 Index gained 0.53%, indicating a market recovery driven by chipmakers and AI-related stocks, despite Oracle's stock plummeting over 10% due to higher-than-expected capital expenditures.
- Economic Data Impact: Weekly US jobless claims unexpectedly rose to 229,000, a four-month high, reflecting a weaker labor market, while the May Producer Price Index increased by 6.5% year-over-year, surpassing expectations, suggesting persistent inflationary pressures that may influence Federal Reserve policy decisions.
- Oil Price Volatility: WTI crude oil prices exhibited extreme volatility as President Trump threatened continued attacks on Iran and control over the Kharg Island oil terminal, leading to heightened concerns about global energy supply, with prices rallying more than 1% at one point.
- International Market Dynamics: European stock markets showed mixed results, with the Euro Stoxx 50 up 0.41% and China's Shanghai Composite down 0.16%, reflecting global market sensitivity to geopolitical tensions that could impact investor confidence.
See More
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- Collaboration Background: IBM and ServiceNow are partnering to assist enterprises in data governance, modernizing legacy systems, and applying AI in core business operations, leveraging their technological strengths to drive digital transformation.
- Solution Development: The companies will jointly deliver solutions that modernize aging systems and extend ServiceNow's Workflow Data Fabric with IBM's enterprise data capabilities, expected to be available in the second half of 2026, facilitating autonomous IT operations for enterprises.
- Technology Integration: IBM provides the tools to modernize systems while ServiceNow offers the platform to utilize data across every business workflow, thereby helping enterprises transition from AI ambitions to scalable real-world outcomes.
- Key Focus Areas: This collaboration will concentrate on three key areas: application modernization, enterprise data governance, and autonomous infrastructure operations, aiming to create new solutions for customers and drive practical applications of AI in enterprises.
See More
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- Talent Attraction: As US tech companies expand in London, both Anthropic and OpenAI have recently increased their office spaces to accommodate 800 people and larger teams, respectively, highlighting the strong demand for AI talent and further solidifying London as a global AI talent hub.
- Investment Surge: Global startups have raised $392.1 billion in 2023, dwarfing the previous record of $215.9 billion in 2025, driving rapid growth in the AI sector and attracting more tech firms to establish headquarters in London, thereby boosting the local economy.
- Space Shortage Challenge: London faces a shortfall of 10.4 million square feet of high-quality office space, a situation expected to persist until 2030, which limits the expansion capabilities of emerging tech companies and may affect their competitiveness in the global market.
- Infrastructure Investment Necessity: With the rapid growth of AI companies, investment in infrastructure becomes crucial, as experts point out that the development of supporting infrastructure such as computing power, energy, and housing will directly impact talent retention and the long-term growth of companies.
See More
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- Talent Competition: OpenAI and Anthropic have recently expanded their office spaces in London to accommodate 800 and more employees, respectively, highlighting the intense demand for top technical and commercial talent, which further solidifies London’s position as a global AI talent hub.
- Investment Surge: Global startups have raised $392.1 billion in 2023, far exceeding the previous record of $215.9 billion in 2025, driving rapid growth in the AI sector and attracting numerous U.S. tech giants to expand their operations in London to capture market share.
- Infrastructure Challenges: Despite soaring demand, London faces a shortfall of 10.4 million square feet of office space, a situation expected to persist until 2030, which limits the expansion capabilities of emerging AI companies and may impact their long-term growth.
- Market Pressure: The expansion of U.S. tech companies in London intensifies recruitment pressures on local startups, leading to heightened competition for high-quality talent, as these companies can offer more attractive compensation packages and equity incentives, further escalating market competition.
See More
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- ServiceNow's AI Growth: ServiceNow anticipates AI commitments to reach $1.5 billion in 2023, a 50% increase from prior guidance, indicating rapid adoption of its AI offerings and solidifying its core position in IT infrastructure.
- Success of Hybrid Pricing Model: The company reports that 50% of its new business comes from non-seat-based pricing, including tokens and connectors, demonstrating that its hybrid pricing strategy is yielding early dividends and enhancing revenue diversity.
- Salesforce's Strategic Moves: Salesforce has effectively transformed its platform into an ideal environment for AI agents through its Data 360 product and the acquisition of Informatica, which enhances data governance and organization capabilities, thereby strengthening its competitive position in the market.
- Potential Growth of Agentforce: Although Salesforce's Agentforce is currently small, the rise of agentic AI is expected to drive significant growth in the future, positioning it as a key growth driver for overall business development.
See More
