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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw strong trading volume on Monday . 36,383 shares changed hands during trading, an increase of 23% from the previous session’s volume of 29,498 shares.The stock last traded at $98.45 and had previously closed at $97.93.

WisdomTree U.S. High Dividend Fund Stock Performance

The stock has a market cap of $1.22 billion, a PE ratio of 17.81 and a beta of 0.78. The stock has a 50 day moving average of $97.32 and a two-hundred day moving average of $96.02.

Hedge Funds Weigh In On WisdomTree U.S. High Dividend Fund

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of WisdomTree U.S. High Dividend Fund during the 4th quarter worth about $10,552,000. Wells Fargo & Company MN boosted its stake in WisdomTree U.S. High Dividend Fund by 14.7% in the 4th quarter. Wells Fargo & Company MN now owns 489,707 shares of the company’s stock valued at $45,719,000 after buying an additional 62,693 shares in the last quarter. Corient Private Wealth LLC bought a new stake in WisdomTree U.S. High Dividend Fund in the fourth quarter valued at $1,998,000. Coppell Advisory Solutions LLC bought a new position in shares of WisdomTree U.S. High Dividend Fund during the fourth quarter valued at $1,713,000. Finally, Optivise Advisory Services LLC acquired a new stake in shares of WisdomTree U.S. High Dividend Fund during the 4th quarter worth about $1,668,000.

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.