WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Sets New 52-Week High – Should You Buy?

Shares of WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) hit a new 52-week high during trading on Monday . The stock traded as high as $57.18 and last traded at $57.16, with a volume of 51241 shares. The stock had previously closed at $56.29.

WisdomTree Emerging Markets High Dividend Fund Trading Up 1.7%

The stock has a market cap of $4.16 billion, a P/E ratio of 9.40 and a beta of 0.56. The company’s fifty day simple moving average is $54.82 and its 200-day simple moving average is $53.32.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DEM. Integrated Wealth Concepts LLC boosted its holdings in WisdomTree Emerging Markets High Dividend Fund by 523.9% during the second quarter. Integrated Wealth Concepts LLC now owns 60,990 shares of the company’s stock valued at $3,281,000 after purchasing an additional 51,214 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 7.4% in the 2nd quarter. Baird Financial Group Inc. now owns 287,923 shares of the company’s stock worth $15,487,000 after buying an additional 19,873 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of WisdomTree Emerging Markets High Dividend Fund during the 2nd quarter worth approximately $9,887,000. Corient Private Wealth LP lifted its position in shares of WisdomTree Emerging Markets High Dividend Fund by 8.7% during the 2nd quarter. Corient Private Wealth LP now owns 69,343 shares of the company’s stock worth $3,730,000 after buying an additional 5,528 shares during the period. Finally, Tucker Asset Management LLC acquired a new stake in WisdomTree Emerging Markets High Dividend Fund in the 2nd quarter valued at $26,000. 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.