WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Sees Strong Trading Volume – Should You Buy?

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw an uptick in trading volume on Friday . 76,417 shares changed hands during trading, an increase of 104% from the previous session’s volume of 37,479 shares.The stock last traded at $106.7860 and had previously closed at $107.00.

WisdomTree U.S. High Dividend Fund Price Performance

The firm has a market capitalization of $1.36 billion, a P/E ratio of 15.51 and a beta of 0.70. The firm’s 50 day simple moving average is $109.41 and its two-hundred day simple moving average is $103.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DHS. Wick Capital Partners LLC grew its holdings in WisdomTree U.S. High Dividend Fund by 38,040.1% in the 4th quarter. Wick Capital Partners LLC now owns 1,026,351 shares of the company’s stock worth $104,503,000 after acquiring an additional 1,023,660 shares during the last quarter. CWM LLC grew its stake in shares of WisdomTree U.S. High Dividend Fund by 1.8% in the third quarter. CWM LLC now owns 859,127 shares of the company’s stock worth $86,557,000 after purchasing an additional 14,915 shares during the last quarter. Bank of America Corp DE grew its stake in shares of WisdomTree U.S. High Dividend Fund by 4.1% in the third quarter. Bank of America Corp DE now owns 422,000 shares of the company’s stock worth $42,517,000 after purchasing an additional 16,681 shares during the last quarter. Cetera Investment Advisers increased its holdings in WisdomTree U.S. High Dividend Fund by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 402,161 shares of the company’s stock valued at $40,948,000 after purchasing an additional 14,969 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of WisdomTree U.S. High Dividend Fund by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 138,460 shares of the company’s stock worth $13,950,000 after buying an additional 6,828 shares during the last quarter.

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.