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

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

WisdomTree U.S. High Dividend Fund Trading Up 1.2%

The firm has a 50-day simple moving average of $103.32 and a two-hundred day simple moving average of $100.94. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.51 and a beta of 0.70.

WisdomTree U.S. High Dividend Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were issued a $0.195 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a yield of 2.2%.

Institutional Trading of WisdomTree U.S. High Dividend Fund

Several large investors have recently added to or reduced their stakes in DHS. Orion Capital Management LLC bought a new position in shares of WisdomTree U.S. High Dividend Fund during the 3rd quarter valued at $25,000. Private Trust Co. NA boosted its holdings in WisdomTree U.S. High Dividend Fund by 136.7% in the third quarter. Private Trust Co. NA now owns 284 shares of the company’s stock worth $29,000 after purchasing an additional 164 shares in the last quarter. Financial Consulate Inc. acquired a new position in WisdomTree U.S. High Dividend Fund during the third quarter worth $30,000. NorthRock Partners LLC increased its position in WisdomTree U.S. High Dividend Fund by 157.9% during the second quarter. NorthRock Partners LLC now owns 539 shares of the company’s stock worth $52,000 after buying an additional 330 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in WisdomTree U.S. High Dividend Fund by 4,166.7% during the third quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $52,000 after buying an additional 500 shares in the last quarter.

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.