WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Reaches New 52-Week High – What’s Next?

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

WisdomTree U.S. High Dividend Fund Stock Up 0.9 %

The company has a 50 day moving average of $95.11 and a 200 day moving average of $90.12. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.92 and a beta of 0.67.

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

Institutional investors have recently bought and sold shares of the stock. Key Financial Inc purchased a new stake in WisdomTree U.S. High Dividend Fund during the second quarter valued at about $40,000. Wealth Enhancement Advisory Services LLC increased its position in WisdomTree U.S. High Dividend Fund by 5.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,607 shares of the company’s stock worth $221,000 after purchasing an additional 130 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in WisdomTree U.S. High Dividend Fund by 37.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,402 shares of the company’s stock worth $1,472,000 after purchasing an additional 4,771 shares in the last quarter. Wedmont Private Capital acquired a new position in WisdomTree U.S. High Dividend Fund during the second quarter valued at approximately $235,000. Finally, Great Valley Advisor Group Inc. grew its stake in WisdomTree U.S. High Dividend Fund by 14.7% during the second quarter. Great Valley Advisor Group Inc. now owns 17,136 shares of the company’s stock worth $1,449,000 after buying an additional 2,194 shares during the period.

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.