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

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $115.00 and last traded at $114.7740, with a volume of 1960 shares changing hands. The stock had previously closed at $113.68.

WisdomTree U.S. High Dividend Fund Price Performance

The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.51 and a beta of 0.59. The company’s 50-day simple moving average is $111.94 and its 200-day simple moving average is $109.26.

Institutional Trading of WisdomTree U.S. High Dividend Fund

Several hedge funds have recently added to or reduced their stakes in DHS. Wick Capital Partners LLC boosted its stake in WisdomTree U.S. High Dividend Fund by 38,040.1% in the 4th quarter. Wick Capital Partners LLC now owns 1,026,351 shares of the company’s stock valued at $104,503,000 after purchasing an additional 1,023,660 shares during the period. Value Investment Professionals LLC acquired a new stake in shares of WisdomTree U.S. High Dividend Fund during the first quarter worth $29,120,000. Kestra Advisory Services LLC lifted its holdings in shares of WisdomTree U.S. High Dividend Fund by 93.1% during the first quarter. Kestra Advisory Services LLC now owns 225,135 shares of the company’s stock worth $24,589,000 after buying an additional 108,569 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of WisdomTree U.S. High Dividend Fund by 809.2% in the first quarter. NewEdge Advisors LLC now owns 78,542 shares of the company’s stock valued at $79,000 after acquiring an additional 69,903 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of WisdomTree U.S. High Dividend Fund by 57.0% in the second quarter. Ameriprise Financial Inc. now owns 131,632 shares of the company’s stock valued at $12,383,000 after acquiring an additional 47,791 shares during the period.

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.