WisdomTree International Equity Fund (NYSEARCA:DWM) Hits New 52-Week High – Time to Buy?

WisdomTree International Equity Fund (NYSEARCA:DWM) hit a new 52-week high during trading on Wednesday . The company traded as high as $73.38 and last traded at $73.2710, with a volume of 475 shares changing hands. The stock had previously closed at $72.38.

WisdomTree International Equity Fund Stock Performance

The company has a market cap of $670.35 million, a PE ratio of 13.53 and a beta of 0.71. The firm’s 50 day moving average is $69.54 and its 200-day moving average is $67.18.

Hedge Funds Weigh In On WisdomTree International Equity Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC grew its holdings in WisdomTree International Equity Fund by 50.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,159 shares of the company’s stock valued at $492,000 after buying an additional 2,386 shares in the last quarter. UBS Group AG grew its holdings in shares of WisdomTree International Equity Fund by 5.2% in the fourth quarter. UBS Group AG now owns 180,277 shares of the company’s stock valued at $12,396,000 after purchasing an additional 8,880 shares during the period. NBC Securities Inc. increased its position in WisdomTree International Equity Fund by 5.8% during the fourth quarter. NBC Securities Inc. now owns 2,975 shares of the company’s stock worth $205,000 after purchasing an additional 164 shares during the last quarter. Merit Financial Group LLC raised its stake in WisdomTree International Equity Fund by 0.5% during the fourth quarter. Merit Financial Group LLC now owns 47,431 shares of the company’s stock worth $3,261,000 after purchasing an additional 222 shares during the period. Finally, Valmark Advisers Inc. raised its stake in WisdomTree International Equity Fund by 0.8% during the fourth quarter. Valmark Advisers Inc. now owns 307,500 shares of the company’s stock worth $21,144,000 after purchasing an additional 2,531 shares during the period. Hedge funds and other institutional investors own 67.46% of the company’s stock.

WisdomTree International Equity Fund Company Profile

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.