WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Hits New 12-Month High – Still a Buy?

WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $51.73 and last traded at $51.71, with a volume of 84875 shares traded. The stock had previously closed at $51.28.

WisdomTree Emerging Markets High Dividend Fund Price Performance

The company has a market cap of $3.65 billion, a price-to-earnings ratio of 9.40 and a beta of 0.62. The firm’s 50 day simple moving average is $48.70 and its 200-day simple moving average is $47.13.

WisdomTree Emerging Markets High Dividend Fund Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were given a $0.072 dividend. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DEM. Jones Financial Companies Lllp boosted its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 122.6% in the first quarter. Jones Financial Companies Lllp now owns 19,346 shares of the company’s stock valued at $814,000 after acquiring an additional 10,656 shares during the period. Stephens Inc. AR purchased a new stake in WisdomTree Emerging Markets High Dividend Fund in the 2nd quarter valued at $203,000. Whipplewood Advisors LLC boosted its stake in WisdomTree Emerging Markets High Dividend Fund by 5,907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,562 shares of the company’s stock worth $71,000 after purchasing an additional 1,536 shares during the period. Wealthfront Advisers LLC grew its position in WisdomTree Emerging Markets High Dividend Fund by 29.0% during the 2nd quarter. Wealthfront Advisers LLC now owns 25,881 shares of the company’s stock worth $1,172,000 after purchasing an additional 5,811 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in WisdomTree Emerging Markets High Dividend Fund by 5.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,571,638 shares of the company’s stock worth $71,174,000 after purchasing an additional 80,649 shares during the last quarter. 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.