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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $97.97 and last traded at $97.97, with a volume of 1648 shares trading hands. The stock had previously closed at $95.53.

WisdomTree U.S. High Dividend Fund Stock Performance

The firm has a market cap of $1.24 billion, a PE ratio of 10.92 and a beta of 0.67. The stock’s 50 day simple moving average is $93.66 and its 200 day simple moving average is $89.05.

Institutional Trading of WisdomTree U.S. High Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DHS. Nations Financial Group Inc. IA ADV bought a new position in shares of WisdomTree U.S. High Dividend Fund during the 3rd quarter valued at $210,000. Atria Investments Inc increased its stake in WisdomTree U.S. High Dividend Fund by 5.1% in the 3rd quarter. Atria Investments Inc now owns 3,426 shares of the company’s stock worth $321,000 after buying an additional 166 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in WisdomTree U.S. High Dividend Fund by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,129 shares of the company’s stock worth $2,076,000 after buying an additional 246 shares in the last quarter. Edge Financial Advisors LLC purchased a new position in shares of WisdomTree U.S. High Dividend Fund during the third quarter valued at about $282,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of WisdomTree U.S. High Dividend Fund during the third quarter valued at about $38,000.

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.