WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Reaches New 52-Week High – Should You Buy?

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHSGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $116.34 and last traded at $115.64, with a volume of 24230 shares changing hands. The stock had previously closed at $115.02.

WisdomTree U.S. High Dividend Fund Price Performance

The firm has a 50-day moving average of $112.51 and a 200 day moving average of $109.79. The company has a market capitalization of $1.51 billion, a PE ratio of 15.51 and a beta of 0.59.

Hedge Funds Weigh In On WisdomTree U.S. High Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Park National Corp OH bought a new stake in shares of WisdomTree U.S. High Dividend Fund in the first quarter worth approximately $28,000. Private Trust Co. NA lifted its position in WisdomTree U.S. High Dividend Fund by 35.2% during the fourth quarter. Private Trust Co. NA now owns 384 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc bought a new position in WisdomTree U.S. High Dividend Fund during the second quarter valued at approximately $43,000. Key Financial Inc boosted its holdings in WisdomTree U.S. High Dividend Fund by 26.4% in the first quarter. Key Financial Inc now owns 594 shares of the company’s stock worth $65,000 after purchasing an additional 124 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in WisdomTree U.S. High Dividend Fund in the third quarter worth approximately $71,000.

WisdomTree U.S. High Dividend Fund Company Profile

(Get Free Report)

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.

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