WisdomTree Emerging Markets Quality Dividend Growth Fund (NASDAQ:DGRE) Shares Up 0.7% - Still a Buy?

Key Points

• WisdomTree Emerging Markets Quality Dividend Growth Fund (NASDAQ:DGRE) shares increased by 0.7% to close at $28.89, with trading volume dropping to about 6,780 shares compared to an average of 17,116 shares.
• The fund recently raised its quarterly dividend to $0.175 per share, up from $0.10, representing an annualized dividend yield of 2.4%.
• Institutional investors have shown significant interest, with OLD Mission Capital LLC increasing its holdings by 341.8% in the first quarter.

WisdomTree Emerging Markets Quality Dividend Growth Fund (NASDAQ:DGRE - ) shares rose 0.7% during trading on Monday . The company traded as high as $28.98 and last traded at $28.89. Approximately 6,780 shares changed hands during trading, a decline of 60% from the average daily volume of 17,116 shares. The stock had previously closed at $28.68.

WisdomTree Emerging Markets Quality Dividend Growth Fund Stock Up 0.7%

The stock has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $26.34. The company has a market cap of $138.67 million, a price-to-earnings ratio of 15.43 and a beta of 0.78.

WisdomTree Emerging Markets Quality Dividend Growth Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.175 per share. This is a boost from WisdomTree Emerging Markets Quality Dividend Growth Fund's previous quarterly dividend of $0.10. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 25th.

Institutional Trading of WisdomTree Emerging Markets Quality Dividend Growth Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. OLD Mission Capital LLC increased its holdings in WisdomTree Emerging Markets Quality Dividend Growth Fund by 341.8% in the first quarter. OLD Mission Capital LLC now owns 429,267 shares of the company's stock valued at $10,435,000 after buying an additional 332,107 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in WisdomTree Emerging Markets Quality Dividend Growth Fund in the first quarter valued at about $653,000. Finally, Exchange Capital Management Inc. increased its holdings in WisdomTree Emerging Markets Quality Dividend Growth Fund by 9.0% in the second quarter. Exchange Capital Management Inc. now owns 38,909 shares of the company's stock valued at $1,073,000 after buying an additional 3,206 shares during the last quarter.

WisdomTree Emerging Markets Quality Dividend Growth Fund Company Profile

The WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying emerging-market stocks with growth characteristics. The fund seeks income and capital appreciation. DGRE was launched on Aug 1, 2013 and is managed by WisdomTree.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.