WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Hits New 1-Year High – Here’s Why

Shares of WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $116.39 and last traded at $116.56, with a volume of 7001 shares trading hands. The stock had previously closed at $114.61.

WisdomTree U.S. High Dividend Fund Price Performance

The stock has a 50-day moving average of $112.80 and a 200-day moving average of $110.12. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 15.51 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in WisdomTree U.S. High Dividend Fund by 1.7% during the first quarter. Royal Bank of Canada now owns 49,462 shares of the company’s stock worth $4,905,000 after buying an additional 823 shares in the last quarter. Cresset Asset Management LLC acquired a new position in shares of WisdomTree U.S. High Dividend Fund in the 2nd quarter valued at approximately $230,000. Cerity Partners LLC bought a new stake in shares of WisdomTree U.S. High Dividend Fund during the 2nd quarter worth approximately $288,000. NewEdge Advisors LLC lifted its holdings in shares of WisdomTree U.S. High Dividend Fund by 3.7% during the 2nd quarter. NewEdge Advisors LLC now owns 11,102 shares of the company’s stock worth $1,066,000 after acquiring an additional 395 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of WisdomTree U.S. High Dividend Fund by 1.0% during the 2nd quarter. Raymond James Financial Inc. now owns 95,099 shares of the company’s stock worth $9,128,000 after acquiring an additional 944 shares in the last quarter.

About WisdomTree U.S. High Dividend Fund

WisdomTree Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of companies with high dividend yields selected from the WisdomTree Dividend Index. At the index measurement date, companies within the WisdomTree Dividend Index with market capitalizations of at least $200 million and average daily trading volumes of at least $200,000 for the prior three months are ranked by dividend yield.