WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Shares Down 0.7% – Here’s Why

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHSGet Free Report) shares were down 0.7% during trading on Wednesday . The stock traded as low as $116.41 and last traded at $116.67. 26,859 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 32,246 shares. The stock had previously closed at $117.55.

WisdomTree U.S. High Dividend Fund Trading Down 0.7%

The stock’s fifty day moving average price is $117.28 and its 200 day moving average price is $113.15. The stock has a market cap of $1.57 billion, a P/E ratio of 15.51 and a beta of 0.59.

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

A number of institutional investors have recently modified their holdings of the stock. Park National Corp OH purchased a new stake in WisdomTree U.S. High Dividend Fund during the 1st quarter valued at about $28,000. Versant Capital Management Inc bought a new stake in WisdomTree U.S. High Dividend Fund in the 2nd quarter worth about $43,000. Key Financial Inc grew its stake in shares of WisdomTree U.S. High Dividend Fund by 26.4% in the first quarter. Key Financial Inc now owns 594 shares of the company’s stock worth $65,000 after acquiring an additional 124 shares during the period. Triumph Capital Management bought a new stake in WisdomTree U.S. High Dividend Fund in the 3rd quarter worth approximately $71,000. Finally, NewEdge Advisors LLC increased its position in WisdomTree U.S. High Dividend Fund by 809.2% during the first quarter. NewEdge Advisors LLC now owns 78,542 shares of the company’s stock valued at $79,000 after acquiring an additional 69,903 shares during the last quarter.

WisdomTree U.S. High Dividend Fund Company Profile

(Get Free Report)

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. At the index measurement date, companies within the WisdomTree Dividend Index with market capitalizations of at least $200 million and average daily trading volumes of at least $200,000 for the prior three months are ranked by dividend yield.

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