WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Reaches New 52-Week High – Time to Buy?

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $93.34 and last traded at $93.0130, with a volume of 104278 shares changing hands. The stock had previously closed at $91.49.

WisdomTree U.S. LargeCap Dividend Fund Stock Down 0.1%

The firm has a market capitalization of $5.88 billion, a P/E ratio of 20.27 and a beta of 0.82. The stock has a fifty day moving average of $89.54 and a 200-day moving average of $87.26.

WisdomTree U.S. LargeCap Dividend Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th were paid a dividend of $0.055 per share. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, January 27th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DLN. Dana Investment Advisors Inc. increased its stake in WisdomTree U.S. LargeCap Dividend Fund by 4.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 2,450 shares of the company’s stock valued at $216,000 after buying an additional 111 shares during the last quarter. Merit Financial Group LLC grew its stake in WisdomTree U.S. LargeCap Dividend Fund by 1.3% in the fourth quarter. Merit Financial Group LLC now owns 9,710 shares of the company’s stock valued at $855,000 after purchasing an additional 123 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in WisdomTree U.S. LargeCap Dividend Fund by 1.5% in the third quarter. Thoroughbred Financial Services LLC now owns 8,888 shares of the company’s stock valued at $773,000 after purchasing an additional 131 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 0.3% during the 2nd quarter. Cresset Asset Management LLC now owns 45,802 shares of the company’s stock worth $3,762,000 after purchasing an additional 138 shares during the last quarter. Finally, Valmark Advisers Inc. raised its stake in shares of WisdomTree U.S. LargeCap Dividend Fund by 2.6% during the 3rd quarter. Valmark Advisers Inc. now owns 5,688 shares of the company’s stock worth $495,000 after purchasing an additional 142 shares in the last quarter.

WisdomTree U.S. LargeCap Dividend Fund Company Profile

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.