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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) hit a new 52-week high during trading on Thursday . The stock traded as high as $98.93 and last traded at $98.93, with a volume of 4296 shares. The stock had previously closed at $98.01.

WisdomTree U.S. High Dividend Fund Trading Up 1.5 %

The company has a market cap of $1.25 billion, a PE ratio of 10.92 and a beta of 0.67. The firm’s fifty day moving average is $94.94 and its 200 day moving average is $90.05.

Institutional Investors Weigh In On WisdomTree U.S. High Dividend Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in WisdomTree U.S. High Dividend Fund by 5,415.8% during the 1st quarter. Cetera Investment Advisers now owns 362,937 shares of the company’s stock worth $31,452,000 after purchasing an additional 356,357 shares during the last quarter. Cetera Advisors LLC boosted its stake in WisdomTree U.S. High Dividend Fund by 10.5% during the 1st quarter. Cetera Advisors LLC now owns 107,995 shares of the company’s stock worth $9,359,000 after purchasing an additional 10,257 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in WisdomTree U.S. High Dividend Fund by 18.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 99,819 shares of the company’s stock worth $8,444,000 after purchasing an additional 15,198 shares during the last quarter. Raymond James & Associates boosted its stake in WisdomTree U.S. High Dividend Fund by 3.8% during the 2nd quarter. Raymond James & Associates now owns 59,090 shares of the company’s stock worth $4,998,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Good Life Advisors LLC boosted its stake in WisdomTree U.S. High Dividend Fund by 1.5% during the 3rd quarter. Good Life Advisors LLC now owns 48,614 shares of the company’s stock worth $4,560,000 after purchasing an additional 721 shares during the last quarter.

WisdomTree U.S. High Dividend Fund Company Profile

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.