WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $54.33 and traded as high as $55.09. WisdomTree U.S. MidCap Dividend Fund shares last traded at $54.52, with a volume of 123,400 shares.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The stock’s 50-day moving average is $54.33 and its 200 day moving average is $52.71. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 15.04 and a beta of 0.94.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th were issued a $0.0064 dividend. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in WisdomTree U.S. MidCap Dividend Fund by 5.2% in the second quarter. Bank of America Corp DE now owns 4,857,397 shares of the company’s stock valued at $243,453,000 after acquiring an additional 241,593 shares during the period. Morgan Stanley grew its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 1.2% during the 4th quarter. Morgan Stanley now owns 2,374,903 shares of the company’s stock worth $122,545,000 after purchasing an additional 29,117 shares during the period. Linscomb Wealth Inc. increased its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 0.9% in the 4th quarter. Linscomb Wealth Inc. now owns 1,844,548 shares of the company’s stock valued at $95,179,000 after purchasing an additional 15,767 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,388,697 shares of the company’s stock valued at $72,618,000 after purchasing an additional 13,197 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 7.7% in the third quarter. Jones Financial Companies Lllp now owns 1,172,077 shares of the company’s stock valued at $61,300,000 after purchasing an additional 83,943 shares during the period.

About WisdomTree U.S. MidCap Dividend Fund

WisdomTree MidCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree MidCap Dividend Index (the Index). The Index is a fundamentally weighted index that measures the performance of the mid-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the top 75% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.