WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Reaches New 1-Year High – Still a Buy?

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN)’s stock price hit a new 52-week high on Friday . The company traded as high as $81.43 and last traded at $81.42, with a volume of 7439 shares. The stock had previously closed at $80.87.

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

The company’s 50-day moving average is $79.14 and its two-hundred day moving average is $75.56. The company has a market cap of $4.52 billion, a P/E ratio of 18.38 and a beta of 0.77.

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

A number of hedge funds have recently modified their holdings of the stock. Great Valley Advisor Group Inc. increased its position in WisdomTree U.S. LargeCap Dividend Fund by 8.6% in the second quarter. Great Valley Advisor Group Inc. now owns 786,526 shares of the company’s stock worth $57,220,000 after buying an additional 62,015 shares during the last quarter. Kaydan Wealth Management Inc. increased its holdings in WisdomTree U.S. LargeCap Dividend Fund by 9.6% in the 2nd quarter. Kaydan Wealth Management Inc. now owns 8,471 shares of the company’s stock worth $616,000 after acquiring an additional 745 shares during the last quarter. Comerica Bank raised its stake in WisdomTree U.S. LargeCap Dividend Fund by 1.2% in the 1st quarter. Comerica Bank now owns 59,371 shares of the company’s stock valued at $4,286,000 after acquiring an additional 709 shares during the period. Kingswood Wealth Advisors LLC raised its stake in WisdomTree U.S. LargeCap Dividend Fund by 21.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 55,284 shares of the company’s stock valued at $4,022,000 after acquiring an additional 9,768 shares during the period. Finally, Mather Group LLC. lifted its holdings in WisdomTree U.S. LargeCap Dividend Fund by 24.7% during the second quarter. Mather Group LLC. now owns 33,765 shares of the company’s stock valued at $2,437,000 after purchasing an additional 6,685 shares during the last quarter.

About WisdomTree U.S. LargeCap Dividend Fund

WisdomTree LargeCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree LargeCap Dividend Index (the Index). The Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the United States dividend-paying market.