WisdomTree International Equity Fund (NYSEARCA:DWM) Sees Strong Trading Volume – Still a Buy?

Shares of WisdomTree International Equity Fund (NYSEARCA:DWM) saw an uptick in trading volume on Wednesday . 33,927 shares traded hands during trading, an increase of 133% from the previous session’s volume of 14,590 shares.The stock last traded at $73.74 and had previously closed at $74.14.

WisdomTree International Equity Fund Price Performance

The company has a market cap of $674.63 million, a P/E ratio of 13.53 and a beta of 0.67. The company has a fifty day simple moving average of $73.78 and a 200-day simple moving average of $72.83.

Hedge Funds Weigh In On WisdomTree International Equity Fund

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of WisdomTree International Equity Fund by 252.6% during the first quarter. Jones Financial Companies Lllp now owns 14,960 shares of the company’s stock valued at $870,000 after purchasing an additional 10,717 shares during the last quarter. Raymond James Financial Inc. increased its stake in WisdomTree International Equity Fund by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 84,593 shares of the company’s stock worth $5,377,000 after purchasing an additional 1,068 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in WisdomTree International Equity Fund during the 2nd quarter worth about $238,000. Bank of America Corp DE raised its holdings in WisdomTree International Equity Fund by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 367,152 shares of the company’s stock worth $23,336,000 after buying an additional 1,874 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in WisdomTree International Equity Fund during the third quarter valued at about $231,000. 67.46% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree International Equity Fund

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.