WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Hits New 52-Week High – Time to Buy?

Shares of WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DESGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $39.35 and last traded at $39.47, with a volume of 9571 shares. The stock had previously closed at $38.76.

WisdomTree U.S. SmallCap Dividend Fund Stock Performance

The stock has a 50 day moving average price of $37.93 and a two-hundred day moving average price of $36.21. The company has a market capitalization of $2.11 billion, a PE ratio of 13.64 and a beta of 0.90.

Hedge Funds Weigh In On WisdomTree U.S. SmallCap Dividend Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Farmers National Bank increased its holdings in WisdomTree U.S. SmallCap Dividend Fund by 5.2% in the first quarter. Farmers National Bank now owns 78,628 shares of the company’s stock worth $2,826,000 after buying an additional 3,921 shares during the last quarter. Vestor Capital LLC bought a new stake in WisdomTree U.S. SmallCap Dividend Fund in the first quarter worth approximately $2,707,000. Western Wealth Management LLC bought a new position in shares of WisdomTree U.S. SmallCap Dividend Fund during the 1st quarter valued at $184,000. Paragon Private Wealth Management LLC raised its holdings in shares of WisdomTree U.S. SmallCap Dividend Fund by 23.0% during the 1st quarter. Paragon Private Wealth Management LLC now owns 34,821 shares of the company’s stock valued at $1,251,000 after purchasing an additional 6,507 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of WisdomTree U.S. SmallCap Dividend Fund by 0.7% during the 1st quarter. Bank of America Corp DE now owns 2,457,823 shares of the company’s stock valued at $88,334,000 after purchasing an additional 17,417 shares in the last quarter.

About WisdomTree U.S. SmallCap Dividend Fund

(Get Free Report)

WisdomTree SmallCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree SmallCap Dividend Index (the Index). The Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the bottom 25% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.

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