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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $102.11 and last traded at $101.9990, with a volume of 7874 shares traded. The stock had previously closed at $101.61.

WisdomTree U.S. High Dividend Fund Trading Up 0.5%

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.51 and a beta of 0.70. The business has a 50 day simple moving average of $100.05 and a 200-day simple moving average of $98.36.

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

A number of large investors have recently bought and sold shares of DHS. JT Stratford LLC raised its position in shares of WisdomTree U.S. High Dividend Fund by 75.0% in the 1st quarter. JT Stratford LLC now owns 20,171 shares of the company’s stock worth $2,000,000 after buying an additional 8,642 shares during the period. HighTower Advisors LLC raised its holdings in shares of WisdomTree U.S. High Dividend Fund by 4.4% in the 1st quarter. HighTower Advisors LLC now owns 22,885 shares of the company’s stock worth $2,269,000 after purchasing an additional 974 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of WisdomTree U.S. High Dividend Fund by 22.8% in the 1st quarter. Kestra Advisory Services LLC now owns 17,028 shares of the company’s stock valued at $1,688,000 after purchasing an additional 3,162 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of WisdomTree U.S. High Dividend Fund by 14.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,083 shares of the company’s stock worth $802,000 after purchasing an additional 1,047 shares during the period. Finally, Ieq Capital LLC acquired a new stake in WisdomTree U.S. High Dividend Fund during the 1st quarter worth approximately $240,000.

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.