WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Reaches New 1-Year High – Should You Buy?

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHSGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $120.71 and last traded at $120.4140, with a volume of 4257 shares changing hands. The stock had previously closed at $118.85.

WisdomTree U.S. High Dividend Fund Stock Down 0.8%

The company has a market capitalization of $1.60 billion, a PE ratio of 15.51 and a beta of 0.59. The firm has a 50-day moving average of $115.81 and a two-hundred day moving average of $112.51.

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

Several large investors have recently modified their holdings of DHS. Royal Bank of Canada increased its position in shares of WisdomTree U.S. High Dividend Fund by 1.7% during the 1st quarter. Royal Bank of Canada now owns 49,462 shares of the company’s stock worth $4,905,000 after purchasing an additional 823 shares during the last quarter. Cresset Asset Management LLC acquired a new position in WisdomTree U.S. High Dividend Fund in the second quarter valued at about $230,000. Cerity Partners LLC acquired a new position in WisdomTree U.S. High Dividend Fund in the second quarter valued at about $288,000. NewEdge Advisors LLC boosted its stake in WisdomTree U.S. High Dividend Fund by 3.7% during the second quarter. NewEdge Advisors LLC now owns 11,102 shares of the company’s stock worth $1,066,000 after buying an additional 395 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in WisdomTree U.S. High Dividend Fund by 1.0% during the second quarter. Raymond James Financial Inc. now owns 95,099 shares of the company’s stock worth $9,128,000 after buying an additional 944 shares during the period.

About WisdomTree U.S. High Dividend Fund

(Get Free Report)

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.

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