WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Reaches New 12-Month High – Still a Buy?

WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) hit a new 52-week high during trading on Monday . The company traded as high as $50.79 and last traded at $50.7750, with a volume of 34231 shares. The stock had previously closed at $50.46.

WisdomTree Emerging Markets High Dividend Fund Stock Performance

The company has a market cap of $3.58 billion, a PE ratio of 9.40 and a beta of 0.62. The company has a 50 day simple moving average of $47.98 and a two-hundred day simple moving average of $46.82.

WisdomTree Emerging Markets High Dividend Fund Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Investors Weigh In On WisdomTree Emerging Markets High Dividend Fund

Institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its stake in shares of WisdomTree Emerging Markets High Dividend Fund by 23.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 660,307 shares of the company’s stock worth $30,368,000 after acquiring an additional 124,323 shares during the last quarter. Bank of America Corp DE grew its stake in WisdomTree Emerging Markets High Dividend Fund by 2.2% in the third quarter. Bank of America Corp DE now owns 5,704,351 shares of the company’s stock valued at $262,343,000 after purchasing an additional 123,553 shares in the last quarter. Stonebridge Wealth Management LLC acquired a new position in WisdomTree Emerging Markets High Dividend Fund in the 2nd quarter worth about $4,673,000. Ameriprise Financial Inc. raised its stake in shares of WisdomTree Emerging Markets High Dividend Fund by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,418,443 shares of the company’s stock worth $111,199,000 after purchasing an additional 95,924 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 5.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,571,638 shares of the company’s stock valued at $71,174,000 after buying an additional 80,649 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

About WisdomTree Emerging Markets High Dividend Fund

WisdomTree Emerging Markets Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Emerging Markets Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of the highest dividend yielding stocks selected from the WisdomTree Emerging Markets Dividend Index. At the index measurement date, companies within the WisdomTree Emerging Markets Dividend Index are ranked by dividend yield.