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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) reached a new 52-week high on Tuesday . The stock traded as high as $112.46 and last traded at $112.4910, with a volume of 19692 shares. The stock had previously closed at $111.94.

WisdomTree U.S. High Dividend Fund Price Performance

The company has a market cap of $1.45 billion, a PE ratio of 15.51 and a beta of 0.70. The stock has a fifty day moving average price of $104.41 and a 200-day moving average price of $101.52.

WisdomTree U.S. High Dividend Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were paid a $0.195 dividend. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, January 27th.

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

A number of large investors have recently made changes to their positions in the business. BOK Financial Private Wealth Inc. lifted its position in shares of WisdomTree U.S. High Dividend Fund by 10.8% in the second quarter. BOK Financial Private Wealth Inc. now owns 1,182 shares of the company’s stock worth $113,000 after purchasing an additional 115 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in WisdomTree U.S. High Dividend Fund by 9.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,701 shares of the company’s stock valued at $451,000 after buying an additional 400 shares during the period. Envestnet Asset Management Inc. lifted its position in WisdomTree U.S. High Dividend Fund by 25.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,549 shares of the company’s stock worth $9,939,000 after buying an additional 21,267 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in shares of WisdomTree U.S. High Dividend Fund by 58.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,014 shares of the company’s stock valued at $481,000 after buying an additional 1,850 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of WisdomTree U.S. High Dividend Fund by 25.3% during the 2nd quarter. D.A. Davidson & CO. now owns 14,828 shares of the company’s stock valued at $1,423,000 after buying an additional 2,997 shares during the period.

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. 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.