WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Sees Strong Trading Volume – Should You Buy?

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw unusually-high trading volume on Friday . Approximately 64,433 shares traded hands during trading, an increase of 225% from the previous session’s volume of 19,836 shares.The stock last traded at $105.8250 and had previously closed at $105.97.

WisdomTree U.S. High Dividend Fund Stock Down 0.2%

The firm has a market capitalization of $1.35 billion, a PE ratio of 15.51 and a beta of 0.70. The stock’s fifty day simple moving average is $101.99 and its 200 day simple moving average is $100.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new stake in shares of WisdomTree U.S. High Dividend Fund during the third quarter valued at approximately $25,000. Private Trust Co. NA boosted its position in shares of WisdomTree U.S. High Dividend Fund by 136.7% during the third quarter. Private Trust Co. NA now owns 284 shares of the company’s stock worth $29,000 after acquiring an additional 164 shares during the last quarter. Financial Consulate Inc. purchased a new position in WisdomTree U.S. High Dividend Fund during the third quarter valued at $30,000. NorthRock Partners LLC grew its stake in WisdomTree U.S. High Dividend Fund by 157.9% during the second quarter. NorthRock Partners LLC now owns 539 shares of the company’s stock valued at $52,000 after acquiring an additional 330 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in WisdomTree U.S. High Dividend Fund by 4,166.7% in the 3rd quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $52,000 after acquiring an additional 500 shares during the last quarter.

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. At the index measurement date, companies within the WisdomTree Dividend Index with market capitalizations of at least $200 million and average daily trading volumes of at least $200,000 for the prior three months are ranked by dividend yield.