WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Reaches New 1-Year High – Here’s Why

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $88.83 and last traded at $88.7850, with a volume of 81782 shares changing hands. The stock had previously closed at $88.55.

WisdomTree U.S. LargeCap Dividend Fund Price Performance

The firm’s 50-day moving average price is $87.40 and its 200-day moving average price is $85.32. The stock has a market cap of $5.59 billion, a P/E ratio of 20.27 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLN. Capital Investment Advisory Services LLC bought a new position in shares of WisdomTree U.S. LargeCap Dividend Fund during the 3rd quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in WisdomTree U.S. LargeCap Dividend Fund in the third quarter worth $26,000. Nova Wealth Management Inc. purchased a new stake in WisdomTree U.S. LargeCap Dividend Fund during the first quarter valued at $29,000. BNP Paribas Financial Markets lifted its position in WisdomTree U.S. LargeCap Dividend Fund by 298.1% during the third quarter. BNP Paribas Financial Markets now owns 410 shares of the company’s stock valued at $36,000 after purchasing an additional 307 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new position in WisdomTree U.S. LargeCap Dividend Fund during the second quarter valued at $41,000.

WisdomTree U.S. LargeCap Dividend Fund Company Profile

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. The Index consists of the 300 largest companies ranked by market capitalization from the WisdomTree Dividend Index. The Index is dividend weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year, based on the most recently declared dividend per share.