WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Shares Cross Above Fifty Day Moving Average – Time to Sell?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $50.44 and traded as high as $51.27. WisdomTree U.S. MidCap Dividend Fund shares last traded at $51.18, with a volume of 162,504 shares changing hands.

WisdomTree U.S. MidCap Dividend Fund Stock Down 0.6 %

The company has a market capitalization of $3.82 billion, a P/E ratio of 12.48 and a beta of 0.95. The firm’s 50-day moving average price is $50.44 and its 200 day moving average price is $48.57.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC increased its stake in WisdomTree U.S. MidCap Dividend Fund by 6.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 130,904 shares of the company’s stock valued at $6,384,000 after buying an additional 8,402 shares during the last quarter. Powers Advisory Group LLC grew its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 1.1% in the first quarter. Powers Advisory Group LLC now owns 48,661 shares of the company’s stock valued at $2,373,000 after acquiring an additional 544 shares in the last quarter. Edge Financial Advisors LLC purchased a new stake in shares of WisdomTree U.S. MidCap Dividend Fund during the first quarter valued at approximately $294,000. Private Advisor Group LLC boosted its position in WisdomTree U.S. MidCap Dividend Fund by 0.3% in the first quarter. Private Advisor Group LLC now owns 186,334 shares of the company’s stock worth $9,088,000 after purchasing an additional 641 shares during the last quarter. Finally, Prosperity Consulting Group LLC bought a new position in WisdomTree U.S. MidCap Dividend Fund in the 1st quarter valued at $2,463,000.

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.