WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Hits New 52-Week High – Still a Buy?

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $90.55 and last traded at $90.4270, with a volume of 47813 shares traded. The stock had previously closed at $90.33.

WisdomTree U.S. LargeCap Dividend Fund Trading Up 0.4%

The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 20.27 and a beta of 0.82. The stock has a fifty day moving average price of $88.79 and a 200-day moving average price of $86.72.

WisdomTree U.S. LargeCap Dividend Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th will be issued a dividend of $0.055 per share. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, January 27th.

Institutional Trading of WisdomTree U.S. LargeCap Dividend Fund

Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in WisdomTree U.S. LargeCap Dividend Fund by 47.4% in the second quarter. Ameriprise Financial Inc. now owns 2,106,770 shares of the company’s stock valued at $173,055,000 after purchasing an additional 677,082 shares in the last quarter. NerdWallet Wealth Partners LLC acquired a new position in shares of WisdomTree U.S. LargeCap Dividend Fund in the 3rd quarter valued at $17,563,000. FIDELIS iM LLC increased its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 305.9% in the 4th quarter. FIDELIS iM LLC now owns 267,722 shares of the company’s stock valued at $23,581,000 after buying an additional 201,762 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of WisdomTree U.S. LargeCap Dividend Fund by 13.4% in the second quarter. Great Valley Advisor Group Inc. now owns 1,174,639 shares of the company’s stock worth $96,485,000 after acquiring an additional 138,974 shares in the last quarter. Finally, Waterway Wealth Management LLC increased its stake in WisdomTree U.S. LargeCap Dividend Fund by 22.0% during the 3rd quarter. Waterway Wealth Management LLC now owns 732,261 shares of the company’s stock worth $63,729,000 after purchasing an additional 131,891 shares in the last quarter.

About WisdomTree U.S. LargeCap Dividend Fund

WisdomTree LargeCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree LargeCap Dividend Index (the Index). The Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the United States dividend-paying market. The Index consists of the 300 largest companies ranked by market capitalization from the WisdomTree Dividend Index. The Index is dividend weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year, based on the most recently declared dividend per share.