WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Reaches New 1-Year High – Here’s What Happened

Shares of WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $56.56 and last traded at $56.5350, with a volume of 47661 shares. The stock had previously closed at $56.25.

WisdomTree Emerging Markets High Dividend Fund Trading Up 0.6%

The stock has a 50-day simple moving average of $54.14 and a 200-day simple moving average of $52.90. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 9.40 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 5.8% during the fourth quarter. Morgan Stanley now owns 8,939,360 shares of the company’s stock valued at $417,558,000 after acquiring an additional 491,321 shares during the period. Bank of America Corp DE boosted its stake in WisdomTree Emerging Markets High Dividend Fund by 19.6% in the 1st quarter. Bank of America Corp DE now owns 7,100,731 shares of the company’s stock worth $352,835,000 after purchasing an additional 1,165,485 shares during the period. Ameriprise Financial Inc. grew its position in WisdomTree Emerging Markets High Dividend Fund by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,418,443 shares of the company’s stock worth $111,199,000 after purchasing an additional 95,924 shares in the last quarter. UBS Group AG grew its position in WisdomTree Emerging Markets High Dividend Fund by 1.1% during the 3rd quarter. UBS Group AG now owns 1,899,378 shares of the company’s stock worth $87,352,000 after purchasing an additional 20,170 shares in the last quarter. Finally, Kestra Investment Management LLC raised its stake in WisdomTree Emerging Markets High Dividend Fund by 2.0% during the 4th quarter. Kestra Investment Management LLC now owns 1,208,266 shares of the company’s stock valued at $56,438,000 after purchasing an additional 23,787 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

WisdomTree Emerging Markets High Dividend Fund Company Profile

WisdomTree Emerging Markets Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Emerging Markets Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of the highest dividend yielding stocks selected from the WisdomTree Emerging Markets Dividend Index. At the index measurement date, companies within the WisdomTree Emerging Markets Dividend Index are ranked by dividend yield.