WisdomTree International Equity Fund (NYSEARCA:DWM) Reaches New 1-Year High – What’s Next?

WisdomTree International Equity Fund (NYSEARCA:DWM) hit a new 52-week high on Friday . The stock traded as high as $69.66 and last traded at $69.4840, with a volume of 1333 shares changing hands. The stock had previously closed at $69.06.

WisdomTree International Equity Fund Stock Performance

The company has a market capitalization of $638.11 million, a price-to-earnings ratio of 13.53 and a beta of 0.71. The company has a 50 day moving average price of $67.48 and a 200 day moving average price of $65.94.

Hedge Funds Weigh In On WisdomTree International Equity Fund

Several large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC grew its position in shares of WisdomTree International Equity Fund by 219.1% during the second quarter. Flow Traders U.S. LLC now owns 53,345 shares of the company’s stock worth $3,391,000 after purchasing an additional 36,630 shares in the last quarter. Bank of America Corp DE boosted its stake in WisdomTree International Equity Fund by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 387,961 shares of the company’s stock worth $25,690,000 after purchasing an additional 20,809 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in WisdomTree International Equity Fund during the 2nd quarter valued at approximately $1,118,000. Cetera Investment Advisers raised its position in shares of WisdomTree International Equity Fund by 30.3% during the second quarter. Cetera Investment Advisers now owns 63,652 shares of the company’s stock valued at $4,046,000 after buying an additional 14,810 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of WisdomTree International Equity Fund by 224.5% in the third quarter. Focus Partners Wealth now owns 15,817 shares of the company’s stock worth $1,047,000 after buying an additional 10,943 shares in the last quarter. 67.46% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree International Equity Fund Company Profile

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.