WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Reaches New 52-Week High – Still a Buy?

WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.44 and last traded at $41.4220, with a volume of 54990 shares. The stock had previously closed at $41.18.

WisdomTree U.S. SmallCap Dividend Fund Stock Up 0.2%

The company has a market capitalization of $2.22 billion, a P/E ratio of 13.64 and a beta of 0.90. The stock has a fifty day simple moving average of $40.05 and a 200-day simple moving average of $38.09.

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

Several institutional investors have recently bought and sold shares of DES. Rossby Financial LCC acquired a new stake in shares of WisdomTree U.S. SmallCap Dividend Fund in the fourth quarter valued at $28,000. CBIZ Investment Advisory Services LLC bought a new stake in WisdomTree U.S. SmallCap Dividend Fund during the 4th quarter worth about $30,000. Sfam LLC acquired a new stake in WisdomTree U.S. SmallCap Dividend Fund in the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of WisdomTree U.S. SmallCap Dividend Fund in the fourth quarter worth about $32,000. Finally, First Horizon Corp bought a new stake in shares of WisdomTree U.S. SmallCap Dividend Fund during the first quarter valued at approximately $38,000.

About WisdomTree U.S. SmallCap Dividend Fund

WisdomTree SmallCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree SmallCap Dividend Index (the Index). The Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the bottom 25% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.