WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Sets New 1-Year High – Time to Buy?

WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $38.98 and last traded at $38.8650, with a volume of 104280 shares changing hands. The stock had previously closed at $38.69.

WisdomTree U.S. SmallCap Dividend Fund Stock Performance

The stock’s fifty day moving average is $36.84 and its 200 day moving average is $35.30. The stock has a market cap of $2.10 billion, a P/E ratio of 13.64 and a beta of 0.92.

Institutional Trading of WisdomTree U.S. SmallCap Dividend Fund

Several institutional investors have recently added to or reduced their stakes in DES. Bank of America Corp DE lifted its stake in WisdomTree U.S. SmallCap Dividend Fund by 21.3% in the second quarter. Bank of America Corp DE now owns 2,299,893 shares of the company’s stock worth $73,045,000 after purchasing an additional 404,368 shares during the last quarter. Corient Private Wealth LLC lifted its stake in WisdomTree U.S. SmallCap Dividend Fund by 110.6% in the second quarter. Corient Private Wealth LLC now owns 714,782 shares of the company’s stock worth $22,701,000 after purchasing an additional 375,454 shares during the last quarter. Allen Investment Management LLC bought a new stake in WisdomTree U.S. SmallCap Dividend Fund in the fourth quarter worth about $9,817,000. Mercer Global Advisors Inc. ADV lifted its stake in WisdomTree U.S. SmallCap Dividend Fund by 43.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 845,624 shares of the company’s stock worth $28,481,000 after purchasing an additional 255,451 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in WisdomTree U.S. SmallCap Dividend Fund by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 729,432 shares of the company’s stock worth $24,400,000 after purchasing an additional 132,655 shares during the last quarter.

WisdomTree U.S. SmallCap Dividend Fund Company Profile

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.