WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Trading Up 1.4% – Here’s Why

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) were up 1.4% on Tuesday . The company traded as high as $100.74 and last traded at $100.67. Approximately 33,377 shares were traded during trading, an increase of 0% from the average daily volume of 33,366 shares. The stock had previously closed at $99.32.

WisdomTree U.S. High Dividend Fund Stock Performance

The stock has a market cap of $1.29 billion, a P/E ratio of 15.51 and a beta of 0.70. The company has a 50-day simple moving average of $100.07 and a 200-day simple moving average of $97.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Wealth Management LLC bought a new stake in shares of WisdomTree U.S. High Dividend Fund during the second quarter valued at approximately $9,451,000. 1 North Wealth Services LLC acquired a new stake in shares of WisdomTree U.S. High Dividend Fund in the 2nd quarter valued at $9,152,000. LPL Financial LLC raised its position in shares of WisdomTree U.S. High Dividend Fund by 12.7% during the first quarter. LPL Financial LLC now owns 437,671 shares of the company’s stock worth $43,399,000 after acquiring an additional 49,178 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of WisdomTree U.S. High Dividend Fund by 57.0% during the second quarter. Ameriprise Financial Inc. now owns 131,632 shares of the company’s stock worth $12,383,000 after acquiring an additional 47,791 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of WisdomTree U.S. High Dividend Fund by 240.9% during the second quarter. Orion Porfolio Solutions LLC now owns 64,246 shares of the company’s stock valued at $6,166,000 after acquiring an additional 45,400 shares during the period.

About WisdomTree U.S. High Dividend Fund

WisdomTree Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of companies with high dividend yields selected from the WisdomTree Dividend Index.