WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Sets New 1-Year High – Still a Buy?

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) reached a new 52-week high on Wednesday . The company traded as high as $94.90 and last traded at $94.8730, with a volume of 96566 shares. The stock had previously closed at $94.65.

WisdomTree U.S. LargeCap Dividend Fund Stock Performance

The company has a 50 day moving average of $91.53 and a 200-day moving average of $90.07. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76.

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

Hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of WisdomTree U.S. LargeCap Dividend Fund in the third quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of WisdomTree U.S. LargeCap Dividend Fund in the third quarter valued at approximately $26,000. GGM Financials LLC purchased a new stake in shares of WisdomTree U.S. LargeCap Dividend Fund in the fourth quarter valued at approximately $30,000. Valley National Advisers Inc. purchased a new stake in shares of WisdomTree U.S. LargeCap Dividend Fund in the fourth quarter valued at approximately $36,000. Finally, BNP Paribas Financial Markets grew its holdings in WisdomTree U.S. LargeCap Dividend Fund by 298.1% in the third quarter. BNP Paribas Financial Markets now owns 410 shares of the company’s stock valued at $36,000 after purchasing an additional 307 shares during the last quarter.

About WisdomTree U.S. LargeCap Dividend Fund

WisdomTree LargeCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree LargeCap Dividend Index (the Index). The Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the United States dividend-paying market. The Index consists of the 300 largest companies ranked by market capitalization from the WisdomTree Dividend Index. The Index is dividend weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year, based on the most recently declared dividend per share.