WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Sees Strong Trading Volume – Time to Buy?

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw unusually-strong trading volume on Wednesday . Approximately 161,667 shares traded hands during mid-day trading, an increase of 254% from the previous session’s volume of 45,668 shares.The stock last traded at $113.2660 and had previously closed at $112.44.

WisdomTree U.S. High Dividend Fund Price Performance

The company’s 50-day moving average price is $104.64 and its 200-day moving average price is $101.61. The company has a market cap of $1.46 billion, a P/E ratio of 15.51 and a beta of 0.70.

WisdomTree U.S. High Dividend Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were paid a $0.195 dividend. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 2.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC grew its holdings in WisdomTree U.S. High Dividend Fund by 9.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,546 shares of the company’s stock valued at $157,000 after buying an additional 130 shares in the last quarter. JPMorgan Chase & Co. boosted its position in WisdomTree U.S. High Dividend Fund by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 52,869 shares of the company’s stock worth $5,383,000 after buying an additional 2,932 shares during the period. J.W. Cole Advisors Inc. increased its holdings in WisdomTree U.S. High Dividend Fund by 0.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 16,026 shares of the company’s stock valued at $1,632,000 after purchasing an additional 101 shares during the period. ShoreHaven Wealth Partners LLC increased its stake in shares of WisdomTree U.S. High Dividend Fund by 5.4% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 12,492 shares of the company’s stock valued at $1,272,000 after buying an additional 635 shares during the period. Finally, Avestar Capital LLC raised its holdings in WisdomTree U.S. High Dividend Fund by 2.5% during the 4th quarter. Avestar Capital LLC now owns 4,548 shares of the company’s stock worth $463,000 after purchasing an additional 109 shares during the last quarter.

WisdomTree U.S. High Dividend Fund Company Profile

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.