WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Reaches New 12-Month High – Still a Buy?

Shares of WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) reached a new 52-week high on Wednesday . The company traded as high as $88.17 and last traded at $88.0770, with a volume of 21230 shares trading hands. The stock had previously closed at $87.79.

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

The firm has a market capitalization of $5.53 billion, a P/E ratio of 20.27 and a beta of 0.82. The company has a fifty day simple moving average of $86.51 and a 200 day simple moving average of $83.39.

Hedge Funds Weigh In On WisdomTree U.S. LargeCap Dividend Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 793.4% during the first quarter. Bank of New York Mellon Corp now owns 53,354 shares of the company’s stock valued at $4,235,000 after buying an additional 47,382 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of WisdomTree U.S. LargeCap Dividend Fund by 9.4% during the 1st quarter. Cerity Partners LLC now owns 37,873 shares of the company’s stock valued at $3,006,000 after acquiring an additional 3,250 shares during the last quarter. CWM LLC boosted its holdings in shares of WisdomTree U.S. LargeCap Dividend Fund by 133.8% during the 1st quarter. CWM LLC now owns 9,928 shares of the company’s stock valued at $788,000 after acquiring an additional 5,681 shares during the last quarter. Future You Wealth LLC grew its stake in shares of WisdomTree U.S. LargeCap Dividend Fund by 25.9% in the first quarter. Future You Wealth LLC now owns 181,519 shares of the company’s stock worth $14,407,000 after acquiring an additional 37,319 shares during the period. Finally, Bridgewater Advisors Inc. bought a new stake in shares of WisdomTree U.S. LargeCap Dividend Fund in the first quarter worth approximately $242,000.

WisdomTree U.S. LargeCap Dividend Fund Company Profile

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.