WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Hits New 52-Week High – Here’s Why

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) shares hit a new 52-week high on Thursday . The stock traded as high as $106.96 and last traded at $106.76, with a volume of 22828 shares changing hands. The stock had previously closed at $106.08.

WisdomTree U.S. High Dividend Fund Stock Up 0.5%

The company has a market capitalization of $1.37 billion, a PE ratio of 15.51 and a beta of 0.70. The stock’s fifty day moving average price is $103.03 and its two-hundred day moving average price is $100.83.

WisdomTree U.S. High Dividend Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Tuesday, January 27th will be paid a $0.195 dividend. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, January 27th.

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

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in WisdomTree U.S. High Dividend Fund by 1.7% during the first quarter. Royal Bank of Canada now owns 49,462 shares of the company’s stock valued at $4,905,000 after buying an additional 823 shares during the period. Fifth Third Securities Inc. purchased a new position in WisdomTree U.S. High Dividend Fund during the 2nd quarter valued at about $200,000. PBMares Wealth Management LLC boosted its stake in WisdomTree U.S. High Dividend Fund by 1.5% during the second quarter. PBMares Wealth Management LLC now owns 34,902 shares of the company’s stock worth $3,350,000 after acquiring an additional 508 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in WisdomTree U.S. High Dividend Fund by 5.7% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,284 shares of the company’s stock worth $1,083,000 after purchasing an additional 608 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in shares of WisdomTree U.S. High Dividend Fund during the second quarter valued at approximately $68,000.

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. At the index measurement date, companies within the WisdomTree Dividend Index with market capitalizations of at least $200 million and average daily trading volumes of at least $200,000 for the prior three months are ranked by dividend yield.