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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $116.39 and last traded at $116.56, with a volume of 7001 shares changing hands. The stock had previously closed at $114.61.

WisdomTree U.S. High Dividend Fund Stock Down 0.5%

The company has a market cap of $1.54 billion, a PE ratio of 15.51 and a beta of 0.59. The stock’s 50 day simple moving average is $113.05 and its two-hundred day simple moving average is $110.27.

Institutional Trading of WisdomTree U.S. High Dividend Fund

A number of institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp raised its position in shares of WisdomTree U.S. High Dividend Fund by 1,027.6% in the 4th quarter. M&T Bank Corp now owns 37,877 shares of the company’s stock valued at $3,857,000 after purchasing an additional 34,518 shares in the last quarter. Merit Financial Group LLC lifted its holdings in WisdomTree U.S. High Dividend Fund by 15.2% in the fourth quarter. Merit Financial Group LLC now owns 12,320 shares of the company’s stock worth $1,254,000 after acquiring an additional 1,623 shares during the last quarter. Private Trust Co. NA grew its stake in 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 buying an additional 100 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of WisdomTree U.S. High Dividend Fund by 22.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,738 shares of the company’s stock worth $279,000 after acquiring an additional 500 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of WisdomTree U.S. High Dividend Fund by 29.5% during the fourth quarter. Farther Finance Advisors LLC now owns 8,530 shares of the company’s stock worth $869,000 after buying an additional 1,943 shares during the period.

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.