WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Hits New 1-Year High – Time to Buy?

Shares of WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) reached a new 52-week high on Thursday . The company traded as high as $41.25 and last traded at $41.2420, with a volume of 26295 shares changing hands. The stock had previously closed at $40.55.

WisdomTree U.S. SmallCap Dividend Fund Trading Down 0.8%

The stock has a 50 day simple moving average of $39.35 and a 200-day simple moving average of $37.47. The firm has a market capitalization of $2.20 billion, a P/E ratio of 13.64 and a beta of 0.89.

Institutional Trading of WisdomTree U.S. SmallCap Dividend Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in shares of WisdomTree U.S. SmallCap Dividend Fund by 2.7% during the 4th quarter. Morgan Stanley now owns 2,701,031 shares of the company’s stock worth $90,350,000 after acquiring an additional 71,782 shares during the last quarter. Bank of America Corp DE increased its stake in shares of WisdomTree U.S. SmallCap Dividend Fund by 0.7% in the 1st quarter. Bank of America Corp DE now owns 2,457,823 shares of the company’s stock worth $88,334,000 after purchasing an additional 17,417 shares in the last quarter. M&T Bank Corp increased its stake in shares of WisdomTree U.S. SmallCap Dividend Fund by 1.0% in the 4th quarter. M&T Bank Corp now owns 1,095,512 shares of the company’s stock worth $37,148,000 after purchasing an additional 10,475 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in WisdomTree U.S. SmallCap Dividend Fund by 8.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 915,516 shares of the company’s stock worth $30,624,000 after purchasing an additional 69,892 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in WisdomTree U.S. SmallCap Dividend Fund by 22.2% in the 4th quarter. Wells Fargo & Company MN now owns 729,432 shares of the company’s stock worth $24,400,000 after purchasing an additional 132,655 shares during the period.

About WisdomTree U.S. SmallCap Dividend Fund

WisdomTree SmallCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree SmallCap Dividend Index (the Index). The Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the bottom 25% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.