WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Hits New 52-Week High – What’s Next?

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $98.38 and last traded at $98.3630, with a volume of 4857 shares changing hands. The stock had previously closed at $97.98.

WisdomTree U.S. LargeCap Dividend Fund Price Performance

The stock has a 50 day moving average price of $96.18 and a 200-day moving average price of $92.93. The stock has a market capitalization of $6.24 billion, a P/E ratio of 20.27 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DLN. Ameriprise Financial Inc. increased its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 47.4% in the second quarter. Ameriprise Financial Inc. now owns 2,106,770 shares of the company’s stock valued at $173,055,000 after acquiring an additional 677,082 shares during the period. Align Financial LLC purchased a new stake in WisdomTree U.S. LargeCap Dividend Fund in the 4th quarter worth approximately $27,890,000. Corient Private Wealth LLC grew its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 3,125.3% in the 4th quarter. Corient Private Wealth LLC now owns 242,932 shares of the company’s stock worth $21,201,000 after buying an additional 235,400 shares during the last quarter. FIDELIS iM LLC raised its holdings in shares of WisdomTree U.S. LargeCap Dividend Fund by 305.9% during the fourth quarter. FIDELIS iM LLC now owns 267,722 shares of the company’s stock valued at $23,581,000 after acquiring an additional 201,762 shares in the last quarter. Finally, truNorth Financial Services Inc. purchased a new stake in WisdomTree U.S. LargeCap Dividend Fund in the fourth quarter worth $12,225,000.

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. The Index consists of the 300 largest companies ranked by market capitalization from the WisdomTree Dividend Index. The Index is dividend weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year, based on the most recently declared dividend per share.