WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Sets New 52-Week High – Should You Buy?

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) reached a new 52-week high on Wednesday . The stock traded as high as $120.71 and last traded at $120.4140, with a volume of 4257 shares trading hands. The stock had previously closed at $118.85.

WisdomTree U.S. High Dividend Fund Stock Performance

The company has a market cap of $1.61 billion, a P/E ratio of 15.51 and a beta of 0.59. The stock has a 50-day simple moving average of $115.56 and a 200 day simple moving average of $112.34.

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

Institutional investors have recently bought and sold shares of the business. Park National Corp OH bought a new stake in WisdomTree U.S. High Dividend Fund in the 1st quarter valued at $28,000. Private Trust Co. NA lifted its holdings in shares of WisdomTree U.S. High Dividend Fund by 35.2% during the 4th quarter. Private Trust Co. NA now owns 384 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc bought a new position in shares of WisdomTree U.S. High Dividend Fund during the 2nd quarter worth about $43,000. Key Financial Inc boosted its position in shares of WisdomTree U.S. High Dividend Fund by 26.4% during the 1st quarter. Key Financial Inc now owns 594 shares of the company’s stock valued at $65,000 after acquiring an additional 124 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of WisdomTree U.S. High Dividend Fund during the 3rd quarter valued at about $71,000.

About WisdomTree U.S. High Dividend Fund

WisdomTree Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of companies with high dividend yields selected from the WisdomTree Dividend Index. At the index measurement date, companies within the WisdomTree Dividend Index with market capitalizations of at least $200 million and average daily trading volumes of at least $200,000 for the prior three months are ranked by dividend yield.