WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Reaches New 52-Week High – Still a Buy?

WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.34 and last traded at $52.32, with a volume of 236056 shares. The stock had previously closed at $51.88.

WisdomTree Emerging Markets High Dividend Fund Stock Down 0.4%

The business’s fifty day moving average is $49.23 and its two-hundred day moving average is $47.33. The stock has a market capitalization of $3.64 billion, a PE ratio of 9.40 and a beta of 0.62.

WisdomTree Emerging Markets High Dividend Fund Announces Dividend

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

Institutional Investors Weigh In On WisdomTree Emerging Markets High Dividend Fund

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 5.8% in the 4th quarter. Morgan Stanley now owns 8,939,360 shares of the company’s stock worth $417,558,000 after purchasing an additional 491,321 shares during the period. OLD Mission Capital LLC purchased a new position in WisdomTree Emerging Markets High Dividend Fund during the fourth quarter worth $13,552,000. Mercer Global Advisors Inc. ADV raised its stake in shares of WisdomTree Emerging Markets High Dividend Fund by 23.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 660,307 shares of the company’s stock valued at $30,368,000 after acquiring an additional 124,323 shares during the period. Bank of America Corp DE lifted its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 5,704,351 shares of the company’s stock worth $262,343,000 after acquiring an additional 123,553 shares during the last quarter. Finally, Stonebridge Wealth Management LLC purchased a new position in shares of WisdomTree Emerging Markets High Dividend Fund during the 2nd quarter worth about $4,673,000. 58.33% of the stock is owned by institutional investors.

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.