WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Hits New 12-Month High – Time to Buy?

WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES)’s share price reached a new 52-week high on Friday . The stock traded as high as $40.63 and last traded at $40.59, with a volume of 27083 shares. The stock had previously closed at $40.38.

WisdomTree U.S. SmallCap Dividend Fund Stock Performance

The company has a market capitalization of $2.19 billion, a P/E ratio of 13.64 and a beta of 0.90. The stock’s fifty day moving average price is $38.70 and its 200-day moving average price is $36.79.

Institutional Trading of WisdomTree U.S. SmallCap Dividend Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of WisdomTree U.S. SmallCap Dividend Fund by 21.3% in the second quarter. Bank of America Corp DE now owns 2,299,893 shares of the company’s stock valued at $73,045,000 after buying an additional 404,368 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of WisdomTree U.S. SmallCap Dividend Fund by 110.6% during the 2nd quarter. Corient Private Wealth LLC now owns 714,782 shares of the company’s stock worth $22,701,000 after acquiring an additional 375,454 shares during the last quarter. Allen Investment Management LLC acquired a new position in shares of WisdomTree U.S. SmallCap Dividend Fund during the 4th quarter worth approximately $9,817,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of WisdomTree U.S. SmallCap Dividend Fund by 43.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 845,624 shares of the company’s stock worth $28,481,000 after acquiring an additional 255,451 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 valued at $24,400,000 after acquiring 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.