WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $53.03 and traded as low as $52.84. WisdomTree Emerging Markets High Dividend Fund shares last traded at $53.01, with a volume of 133,634 shares traded.

WisdomTree Emerging Markets High Dividend Fund Stock Down 0.4%

The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 9.40 and a beta of 0.56. The stock’s 50-day moving average price is $55.47 and its 200 day moving average price is $53.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Summit Global Investments boosted its stake in shares of WisdomTree Emerging Markets High Dividend Fund by 2.2% in the 3rd quarter. Summit Global Investments now owns 59,887 shares of the company’s stock valued at $3,312,000 after buying an additional 1,307 shares during the period. D.A. Davidson & CO. purchased a new stake in WisdomTree Emerging Markets High Dividend Fund in the third quarter valued at $11,404,000. VestGen Advisors LLC boosted its position in shares of WisdomTree Emerging Markets High Dividend Fund by 17.8% in the 3rd quarter. VestGen Advisors LLC now owns 27,632 shares of the company’s stock valued at $1,528,000 after purchasing an additional 4,184 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of WisdomTree Emerging Markets High Dividend Fund during the third quarter worth approximately $597,000. Finally, Park Avenue Securities LLC acquired a new position in WisdomTree Emerging Markets High Dividend Fund in the third quarter valued at $1,347,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

About WisdomTree Emerging Markets High Dividend Fund

WisdomTree Emerging Markets Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Emerging Markets Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of the highest dividend yielding stocks selected from the WisdomTree Emerging Markets Dividend Index. At the index measurement date, companies within the WisdomTree Emerging Markets Dividend Index are ranked by dividend yield.