WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM) Reaches New 1-Year Low – Here’s Why

WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $37.95 and last traded at $37.96, with a volume of 36923 shares trading hands. The stock had previously closed at $39.64.

WisdomTree Emerging Markets High Dividend Fund Stock Performance

The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 9.14 and a beta of 0.66. The business has a 50-day simple moving average of $42.00 and a two-hundred day simple moving average of $42.04.

WisdomTree Emerging Markets High Dividend Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 26th were paid a $0.42 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Trading of WisdomTree Emerging Markets High Dividend Fund

Several institutional investors and hedge funds have recently bought and sold shares of DEM. JPMorgan Chase & Co. increased its position in shares of WisdomTree Emerging Markets High Dividend Fund by 1.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 605,478 shares of the company’s stock worth $26,647,000 after purchasing an additional 9,196 shares during the last quarter. Synovus Financial Corp increased its holdings in WisdomTree Emerging Markets High Dividend Fund by 74.8% during the third quarter. Synovus Financial Corp now owns 8,970 shares of the company’s stock worth $395,000 after buying an additional 3,837 shares during the last quarter. Canandaigua National Bank & Trust Co. raised its position in WisdomTree Emerging Markets High Dividend Fund by 4.6% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 202,199 shares of the company’s stock worth $8,187,000 after acquiring an additional 8,969 shares in the last quarter. Canandaigua National Trust Co of Florida lifted its stake in WisdomTree Emerging Markets High Dividend Fund by 2.7% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 28,367 shares of the company’s stock valued at $1,149,000 after acquiring an additional 741 shares during the last quarter. Finally, First City Capital Management Inc. grew its position in shares of WisdomTree Emerging Markets High Dividend Fund by 9.5% in the 4th quarter. First City Capital Management Inc. now owns 35,251 shares of the company’s stock valued at $1,427,000 after acquiring an additional 3,055 shares during the period. Institutional investors own 58.33% of the company’s stock.

About WisdomTree Emerging Markets High Dividend Fund

WisdomTree Emerging Markets Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Emerging Markets Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of the highest dividend yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.