WisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN) Hits New 12-Month High – What’s Next?
by Jessica Moore · The Cerbat GemWisdomTree U.S. LargeCap Dividend Fund (NYSEARCA:DLN – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $96.23 and last traded at $96.31, with a volume of 2853 shares. The stock had previously closed at $95.39.
WisdomTree U.S. LargeCap Dividend Fund Price Performance
The company has a market cap of $6.12 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76. The business’s 50-day simple moving average is $91.97 and its 200-day simple moving average is $90.46.
Hedge Funds Weigh In On WisdomTree U.S. LargeCap Dividend Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in WisdomTree U.S. LargeCap Dividend Fund by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,899,581 shares of the company’s stock worth $339,380,000 after acquiring an additional 13,290 shares during the last quarter. LPL Financial LLC raised its position in WisdomTree U.S. LargeCap Dividend Fund by 2.9% during the fourth quarter. LPL Financial LLC now owns 3,575,342 shares of the company’s stock worth $314,916,000 after acquiring an additional 99,769 shares during the last quarter. Focus Partners Wealth raised its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 4.7% in the fourth quarter. Focus Partners Wealth now owns 2,579,158 shares of the company’s stock valued at $227,172,000 after buying an additional 116,260 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 47.4% in the second quarter. Ameriprise Financial Inc. now owns 2,106,770 shares of the company’s stock valued at $173,055,000 after buying an additional 677,082 shares during the last quarter. Finally, UBS Group AG raised its position in shares of WisdomTree U.S. LargeCap Dividend Fund by 4.4% in the third quarter. UBS Group AG now owns 1,359,616 shares of the company’s stock valued at $118,327,000 after buying an additional 57,837 shares during the last quarter.
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.