WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Sees Strong Trading Volume – Still a Buy?

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw unusually-strong trading volume on Friday . Approximately 88,710 shares changed hands during mid-day trading, an increase of 232% from the previous session’s volume of 26,747 shares.The stock last traded at $105.7860 and had previously closed at $106.31.

WisdomTree U.S. High Dividend Fund Stock Performance

The company has a market cap of $1.35 billion, a price-to-earnings ratio of 15.51 and a beta of 0.70. The business’s 50 day simple moving average is $102.56 and its 200-day simple moving average is $100.59.

Institutional Trading of WisdomTree U.S. High Dividend Fund

A number of large investors have recently added to or reduced their stakes in DHS. Tower Research Capital LLC TRC increased its stake in shares of WisdomTree U.S. High Dividend Fund by 59,381.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,543 shares of the company’s stock valued at $628,000 after acquiring an additional 6,532 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of WisdomTree U.S. High Dividend Fund by 83.4% during the second quarter. Corient Private Wealth LLC now owns 33,224 shares of the company’s stock valued at $3,189,000 after purchasing an additional 15,111 shares in the last quarter. Captrust Financial Advisors raised its holdings in WisdomTree U.S. High Dividend Fund by 18.5% in the second quarter. Captrust Financial Advisors now owns 42,636 shares of the company’s stock worth $4,092,000 after purchasing an additional 6,659 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of WisdomTree U.S. High Dividend Fund by 240.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 64,246 shares of the company’s stock valued at $6,166,000 after buying an additional 45,400 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of WisdomTree U.S. High Dividend Fund in the 2nd quarter worth about $126,000.

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.