WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Sets New 12-Month High – Still a Buy?

WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $98.60 and last traded at $98.6260, with a volume of 16743 shares. The stock had previously closed at $97.78.

WisdomTree U.S. LargeCap Dividend Fund Stock Performance

The firm’s fifty day simple moving average is $96.66 and its 200 day simple moving average is $93.37. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76.

Institutional Investors Weigh In On WisdomTree U.S. LargeCap Dividend Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. G&S Capital LLC acquired a new position in WisdomTree U.S. LargeCap Dividend Fund in the 2nd quarter worth $1,568,000. SMI Advisory Services LLC raised its stake in shares of WisdomTree U.S. LargeCap Dividend Fund by 307.7% in the 2nd quarter. SMI Advisory Services LLC now owns 13,571 shares of the company’s stock valued at $1,321,000 after purchasing an additional 10,242 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of WisdomTree U.S. LargeCap Dividend Fund by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,178 shares of the company’s stock valued at $595,000 after purchasing an additional 113 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of WisdomTree U.S. LargeCap Dividend Fund by 0.4% in the second quarter. Revolve Wealth Partners LLC now owns 198,080 shares of the company’s stock valued at $19,079,000 after purchasing an additional 792 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC lifted its holdings in shares of WisdomTree U.S. LargeCap Dividend Fund by 12.3% in the second quarter. NerdWallet Wealth Partners LLC now owns 263,948 shares of the company’s stock valued at $25,419,000 after purchasing an additional 28,902 shares in the last quarter.

About WisdomTree U.S. LargeCap Dividend Fund

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.