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

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $88.17 and last traded at $88.0770, with a volume of 21230 shares traded. The stock had previously closed at $87.79.

WisdomTree U.S. LargeCap Dividend Fund Trading Down 0.1%

The stock has a market cap of $5.46 billion, a P/E ratio of 20.27 and a beta of 0.82. The business has a 50-day simple moving average of $86.65 and a 200 day simple moving average of $83.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC lifted its holdings in WisdomTree U.S. LargeCap Dividend Fund by 5.6% in the third quarter. Ancora Advisors LLC now owns 3,336 shares of the company’s stock valued at $290,000 after buying an additional 177 shares during the period. Imprint Wealth LLC bought a new stake in shares of WisdomTree U.S. LargeCap Dividend Fund during the 3rd quarter valued at about $793,000. Raymond James Financial Inc. grew its stake in WisdomTree U.S. LargeCap Dividend Fund by 0.3% during the third quarter. Raymond James Financial Inc. now owns 580,073 shares of the company’s stock worth $50,484,000 after purchasing an additional 1,766 shares during the period. Equitable Holdings Inc. increased its holdings in WisdomTree U.S. LargeCap Dividend Fund by 20.8% in the third quarter. Equitable Holdings Inc. now owns 83,207 shares of the company’s stock worth $7,242,000 after purchasing an additional 14,309 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in WisdomTree U.S. LargeCap Dividend Fund in the third quarter valued at approximately $1,285,000.

About WisdomTree U.S. LargeCap Dividend Fund

WisdomTree LargeCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree LargeCap Dividend Index (the Index). The Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the United States dividend-paying market.