WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $53.03 and traded as low as $52.84. WisdomTree Emerging Markets High Dividend Fund shares last traded at $53.01, with a volume of 133,634 shares traded.

WisdomTree Emerging Markets High Dividend Fund Trading Down 0.4%

The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 9.40 and a beta of 0.56. The stock’s 50 day moving average price is $55.47 and its two-hundred day moving average price is $53.03.

Institutional Investors Weigh In On WisdomTree Emerging Markets High Dividend Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of WisdomTree Emerging Markets High Dividend Fund by 19.6% in the first quarter. Bank of America Corp DE now owns 7,100,731 shares of the company’s stock valued at $352,835,000 after purchasing an additional 1,165,485 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of WisdomTree Emerging Markets High Dividend Fund by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,407,570 shares of the company’s stock valued at $75,713,000 after purchasing an additional 41,725 shares during the last quarter. Royal Bank of Canada grew its position in shares of WisdomTree Emerging Markets High Dividend Fund by 4.7% in the first quarter. Royal Bank of Canada now owns 694,797 shares of the company’s stock valued at $34,526,000 after purchasing an additional 31,348 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of WisdomTree Emerging Markets High Dividend Fund by 39.2% during the 1st quarter. Kestra Advisory Services LLC now owns 445,572 shares of the company’s stock worth $22,140,000 after purchasing an additional 125,463 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of WisdomTree Emerging Markets High Dividend Fund by 7.4% during the 2nd quarter. Baird Financial Group Inc. now owns 287,923 shares of the company’s stock worth $15,487,000 after purchasing an additional 19,873 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

About WisdomTree Emerging Markets High Dividend Fund

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.