WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Reaches New 1-Year High – Should You Buy?

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) reached a new 52-week high on Monday . The stock traded as high as $118.36 and last traded at $118.23, with a volume of 8075 shares trading hands. The stock had previously closed at $117.55.

WisdomTree U.S. High Dividend Fund Stock Up 0.4%

The stock’s 50 day moving average is $113.62 and its two-hundred day moving average is $110.83. The company has a market capitalization of $1.56 billion, a PE ratio of 15.51 and a beta of 0.59.

Institutional Investors Weigh In On WisdomTree U.S. High Dividend Fund

Hedge funds have recently modified their holdings of the business. Wick Capital Partners LLC raised its holdings in WisdomTree U.S. High Dividend Fund by 38,040.1% in the fourth quarter. Wick Capital Partners LLC now owns 1,026,351 shares of the company’s stock worth $104,503,000 after purchasing an additional 1,023,660 shares in the last quarter. Value Investment Professionals LLC bought a new stake in shares of WisdomTree U.S. High Dividend Fund in the 1st quarter valued at about $29,120,000. Kestra Advisory Services LLC boosted its holdings in shares of WisdomTree U.S. High Dividend Fund by 93.1% in the 1st quarter. Kestra Advisory Services LLC now owns 225,135 shares of the company’s stock valued at $24,589,000 after buying an additional 108,569 shares in the last quarter. Evanson Financial LLC purchased a new position in shares of WisdomTree U.S. High Dividend Fund in the 2nd quarter worth approximately $8,668,000. Finally, NewEdge Advisors LLC grew its position in shares of WisdomTree U.S. High Dividend Fund by 809.2% in the 1st quarter. NewEdge Advisors LLC now owns 78,542 shares of the company’s stock worth $8,578,000 after buying an additional 69,903 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.