WisdomTree International Equity Fund (NYSEARCA:DWM) Sets New 52-Week High – Here’s What Happened

WisdomTree International Equity Fund (NYSEARCA:DWM)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $74.46 and last traded at $74.36, with a volume of 25929 shares changing hands. The stock had previously closed at $73.41.

WisdomTree International Equity Fund Stock Up 1.3%

The firm has a market cap of $684.11 million, a price-to-earnings ratio of 13.53 and a beta of 0.71. The company’s 50-day moving average price is $70.02 and its 200-day moving average price is $67.43.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DWM. AE Wealth Management LLC lifted its stake in shares of WisdomTree International Equity Fund by 140.4% in the 2nd quarter. AE Wealth Management LLC now owns 428 shares of the company’s stock valued at $27,000 after purchasing an additional 250 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of WisdomTree International Equity Fund in the 2nd quarter worth approximately $32,000. Allworth Financial LP purchased a new position in shares of WisdomTree International Equity Fund during the 2nd quarter worth approximately $50,000. Integrated Wealth Concepts LLC acquired a new stake in shares of WisdomTree International Equity Fund in the third quarter valued at $67,000. Finally, Advisory Services Network LLC acquired a new position in WisdomTree International Equity Fund during the 3rd quarter worth about $79,000. 67.46% of the stock is owned by institutional investors and hedge funds.

WisdomTree International Equity Fund Company Profile

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.