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

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw unusually-high trading volume on Friday . Approximately 99,335 shares were traded during mid-day trading, an increase of 239% from the previous session’s volume of 29,294 shares.The stock last traded at $98.83 and had previously closed at $97.67.

WisdomTree U.S. High Dividend Fund Stock Up 1.2 %

The company has a fifty day moving average price of $95.95 and a 200-day moving average price of $95.37. The stock has a market capitalization of $1.21 billion, a P/E ratio of 18.37 and a beta of 0.78.

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

Several large investors have recently added to or reduced their stakes in DHS. Armis Advisers LLC purchased a new position in shares of WisdomTree U.S. High Dividend Fund during the fourth quarter valued at approximately $692,000. Great Valley Advisor Group Inc. boosted its position in shares of WisdomTree U.S. High Dividend Fund by 24.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 51,825 shares of the company’s stock valued at $4,838,000 after buying an additional 10,102 shares during the period. GTS Securities LLC purchased a new position in shares of WisdomTree U.S. High Dividend Fund during the fourth quarter valued at approximately $892,000. Vivaldi Capital Management LP purchased a new position in shares of WisdomTree U.S. High Dividend Fund during the fourth quarter valued at approximately $257,000. Finally, Focus Partners Wealth boosted its position in shares of WisdomTree U.S. High Dividend Fund by 3.5% during the fourth quarter. Focus Partners Wealth now owns 165,865 shares of the company’s stock valued at $15,485,000 after buying an additional 5,541 shares during the period.

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.