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

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

WisdomTree U.S. High Dividend Fund Trading Down 2.5 %

The stock has a market capitalization of $1.17 billion, a P/E ratio of 10.92 and a beta of 0.67. The company has a 50-day moving average price of $97.01 and a 200 day moving average price of $91.84.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in WisdomTree U.S. High Dividend Fund by 1.0% in the third quarter. D.A. Davidson & CO. now owns 11,001 shares of the company’s stock valued at $1,032,000 after acquiring an additional 110 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of WisdomTree U.S. High Dividend Fund by 5.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,607 shares of the company’s stock worth $221,000 after purchasing an additional 130 shares in the last quarter. Creative Planning lifted its holdings in shares of WisdomTree U.S. High Dividend Fund by 0.7% during the 3rd quarter. Creative Planning now owns 20,605 shares of the company’s stock valued at $1,933,000 after purchasing an additional 142 shares during the last quarter. Atria Investments Inc boosted its position in shares of WisdomTree U.S. High Dividend Fund by 5.1% in the 3rd quarter. Atria Investments Inc now owns 3,426 shares of the company’s stock worth $321,000 after purchasing an additional 166 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in WisdomTree U.S. High Dividend Fund by 1.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,129 shares of the company’s stock worth $2,076,000 after buying an additional 246 shares during the last quarter.

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.