WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Reaches New 1-Year High – Still a Buy?

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 $106.96 and last traded at $106.76, with a volume of 22828 shares traded. The stock had previously closed at $106.08.

WisdomTree U.S. High Dividend Fund Price Performance

The stock has a 50 day simple moving average of $103.03 and a 200-day simple moving average of $100.83. The firm has a market cap of $1.37 billion, a PE ratio of 15.51 and a beta of 0.70.

WisdomTree U.S. High Dividend Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th will be paid a $0.195 dividend. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, January 27th.

Hedge Funds Weigh In On WisdomTree U.S. High Dividend Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHS. Royal Bank of Canada lifted its holdings in shares of 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 valued at $4,905,000 after purchasing an additional 823 shares in the last quarter. Fifth Third Securities Inc. bought a new position in shares of WisdomTree U.S. High Dividend Fund in the 2nd quarter worth approximately $200,000. PBMares Wealth Management LLC boosted its stake in shares of WisdomTree U.S. High Dividend Fund by 1.5% during the 2nd quarter. PBMares Wealth Management LLC now owns 34,902 shares of the company’s stock worth $3,350,000 after acquiring an additional 508 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in WisdomTree U.S. High Dividend Fund by 5.7% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,284 shares of the company’s stock valued at $1,083,000 after purchasing an additional 608 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in WisdomTree U.S. High Dividend Fund during the second quarter valued at approximately $68,000.

WisdomTree U.S. High Dividend Fund Company Profile

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.