WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Stock Crosses Above 50 Day Moving Average – Should You Sell?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $57.31 and traded as high as $58.32. WisdomTree U.S. MidCap Dividend Fund shares last traded at $58.04, with a volume of 111,258 shares traded.

WisdomTree U.S. MidCap Dividend Fund Trading Down 0.3%

The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.04 and a beta of 0.85. The stock’s 50 day moving average is $57.36 and its two-hundred day moving average is $55.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in WisdomTree U.S. MidCap Dividend Fund during the 1st quarter worth approximately $576,000. First Trust Advisors LP acquired a new stake in WisdomTree U.S. MidCap Dividend Fund in the 2nd quarter valued at $211,000. Qube Research & Technologies Ltd increased its stake in WisdomTree U.S. MidCap Dividend Fund by 20.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 20,323 shares of the company’s stock valued at $1,019,000 after buying an additional 3,408 shares during the last quarter. NewEdge Advisors LLC lifted its position in WisdomTree U.S. MidCap Dividend Fund by 68.0% during the 2nd quarter. NewEdge Advisors LLC now owns 10,224 shares of the company’s stock worth $512,000 after buying an additional 4,139 shares in the last quarter. Finally, Betterment LLC lifted its position in WisdomTree U.S. MidCap Dividend Fund by 7.7% during the 2nd quarter. Betterment LLC now owns 14,198 shares of the company’s stock worth $712,000 after buying an additional 1,012 shares in the last quarter.

WisdomTree U.S. MidCap Dividend Fund Company Profile

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.