WisdomTree International Equity Fund (NYSEARCA:DWM) Sets New 52-Week High – Should You Buy?

WisdomTree International Equity Fund (NYSEARCA:DWM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.57 and last traded at $59.55, with a volume of 7221 shares traded. The stock had previously closed at $58.95.

WisdomTree International Equity Fund Stock Performance

The firm’s 50-day simple moving average is $55.72 and its 200-day simple moving average is $55.46. The company has a market capitalization of $536.22 million, a price-to-earnings ratio of 13.92 and a beta of 0.81.

Institutional Trading of WisdomTree International Equity Fund

A number of hedge funds have recently modified their holdings of the company. Focus Partners Wealth bought a new stake in shares of WisdomTree International Equity Fund during the fourth quarter valued at approximately $259,000. Cetera Investment Advisers increased its holdings in WisdomTree International Equity Fund by 5.3% in the 4th quarter. Cetera Investment Advisers now owns 47,716 shares of the company’s stock valued at $2,514,000 after buying an additional 2,396 shares during the period. Bank of America Corp DE raised its stake in shares of WisdomTree International Equity Fund by 1.4% in the 4th quarter. Bank of America Corp DE now owns 350,103 shares of the company’s stock valued at $18,449,000 after buying an additional 4,938 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of WisdomTree International Equity Fund by 78.0% during the 4th quarter. Jane Street Group LLC now owns 44,661 shares of the company’s stock worth $2,353,000 after acquiring an additional 19,570 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of WisdomTree International Equity Fund by 53.2% during the 4th quarter. Stifel Financial Corp now owns 24,123 shares of the company’s stock valued at $1,271,000 after acquiring an additional 8,382 shares in the last quarter.

WisdomTree International Equity Fund Company Profile

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.