WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Sets New 12-Month High – Still a Buy?

Shares of WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) hit a new 52-week high during trading on Thursday . The stock traded as high as $40.98 and last traded at $40.64, with a volume of 129183 shares. The stock had previously closed at $40.68.

WisdomTree U.S. SmallCap Dividend Fund Stock Performance

The firm has a market cap of $2.19 billion, a P/E ratio of 13.64 and a beta of 0.89. The firm’s fifty day simple moving average is $38.91 and its 200 day simple moving average is $36.98.

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

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in WisdomTree U.S. SmallCap Dividend Fund by 21.3% in the 2nd quarter. Bank of America Corp DE now owns 2,299,893 shares of the company’s stock worth $73,045,000 after acquiring an additional 404,368 shares during the last quarter. Corient Private Wealth LLC increased its position 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 purchased a new stake in WisdomTree U.S. SmallCap Dividend Fund during the fourth quarter valued at $9,817,000. Mercer Global Advisors Inc. ADV lifted its position in WisdomTree U.S. SmallCap Dividend Fund by 43.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 845,624 shares of the company’s stock valued at $28,481,000 after purchasing an additional 255,451 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of WisdomTree U.S. SmallCap Dividend Fund by 22.2% in the 4th quarter. Wells Fargo & Company MN now owns 729,432 shares of the company’s stock worth $24,400,000 after buying an additional 132,655 shares in 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.