WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Stock Price Down 2.5% – What’s Next?

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS)’s share price traded down 2.5% during trading on Wednesday . The stock traded as low as $93.12 and last traded at $93.13. 30,647 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 38,345 shares. The stock had previously closed at $95.49.

WisdomTree U.S. High Dividend Fund Stock Performance

The company has a market cap of $1.18 billion, a price-to-earnings ratio of 10.92 and a beta of 0.67. The company’s 50 day moving average price is $96.96 and its 200-day moving average price is $91.90.

Institutional Trading of WisdomTree U.S. High Dividend Fund

Several hedge funds and other institutional investors have recently modified their holdings of DHS. Envestnet Asset Management Inc. grew its holdings in WisdomTree U.S. High Dividend Fund by 18.0% during the second quarter. Envestnet Asset Management Inc. now owns 99,819 shares of the company’s stock valued at $8,444,000 after purchasing an additional 15,198 shares during the last quarter. Raymond James & Associates lifted its position in WisdomTree U.S. High Dividend Fund by 3.8% during the 2nd quarter. Raymond James & Associates now owns 59,090 shares of the company’s stock valued at $4,998,000 after purchasing an additional 2,152 shares during the period. Good Life Advisors LLC grew its position in shares of WisdomTree U.S. High Dividend Fund by 1.5% during the 3rd quarter. Good Life Advisors LLC now owns 48,614 shares of the company’s stock worth $4,560,000 after buying an additional 721 shares during the period. Private Advisor Group LLC grew its stake in WisdomTree U.S. High Dividend Fund by 83.4% in the second quarter. Private Advisor Group LLC now owns 48,275 shares of the company’s stock valued at $4,084,000 after acquiring an additional 21,958 shares during the period. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of WisdomTree U.S. High Dividend Fund by 143.5% during the third quarter. Great Valley Advisor Group Inc. now owns 41,723 shares of the company’s stock worth $3,913,000 after acquiring an additional 24,587 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.