WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Reaches New 1-Year High – Here’s Why

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) hit a new 52-week high on Thursday . The company traded as high as $115.00 and last traded at $114.7740, with a volume of 1960 shares traded. The stock had previously closed at $113.68.

WisdomTree U.S. High Dividend Fund Price Performance

The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.51 and a beta of 0.59. The stock has a 50-day moving average price of $111.94 and a 200-day moving average price of $109.26.

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

Large investors have recently added to or reduced their stakes in the business. Park National Corp OH bought a new position in WisdomTree U.S. High Dividend Fund during the first quarter worth $28,000. Private Trust Co. NA raised its position in shares of WisdomTree U.S. High Dividend Fund by 35.2% in the fourth quarter. Private Trust Co. NA now owns 384 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the period. Key Financial Inc lifted its stake in shares of WisdomTree U.S. High Dividend Fund by 26.4% during the 1st quarter. Key Financial Inc now owns 594 shares of the company’s stock worth $65,000 after buying an additional 124 shares during the last quarter. Triumph Capital Management bought a new stake in shares of WisdomTree U.S. High Dividend Fund during the 3rd quarter worth about $71,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of WisdomTree U.S. High Dividend Fund by 809.2% during the 1st quarter. NewEdge Advisors LLC now owns 78,542 shares of the company’s stock worth $79,000 after buying an additional 69,903 shares during the period.

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.