WisdomTree International Equity Fund (NYSEARCA:DWM) Hits New 1-Year High – Should You Buy?

WisdomTree International Equity Fund (NYSEARCA:DWM) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $76.58 and last traded at $76.58, with a volume of 238 shares. The stock had previously closed at $76.28.

WisdomTree International Equity Fund Stock Up 0.6%

The company’s fifty day moving average is $73.96 and its 200 day moving average is $73.06. The stock has a market cap of $694.90 million, a PE ratio of 13.53 and a beta of 0.66.

Institutional Investors Weigh In On WisdomTree International Equity Fund

Several large investors have recently made changes to their positions in DWM. Global Retirement Partners LLC purchased a new position in shares of WisdomTree International Equity Fund in the 2nd quarter valued at $392,000. HighTower Advisors LLC boosted its position in WisdomTree International Equity Fund by 9.3% during the 2nd quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock worth $1,031,000 after purchasing an additional 1,200 shares during the period. Janney Montgomery Scott LLC increased its holdings in WisdomTree International Equity Fund by 2.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 31,153 shares of the company’s stock valued at $2,281,000 after purchasing an additional 799 shares in the last quarter. NewEdge Advisors LLC increased its holdings in WisdomTree International Equity Fund by 8.7% in the 1st quarter. NewEdge Advisors LLC now owns 5,569 shares of the company’s stock valued at $389,000 after purchasing an additional 445 shares in the last quarter. Finally, Royal Bank of Canada raised its position in WisdomTree International Equity Fund by 0.8% in the first quarter. Royal Bank of Canada now owns 17,177 shares of the company’s stock valued at $1,200,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 67.46% of the company’s stock.

About WisdomTree International Equity Fund

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.