WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $38.56 and traded as high as $39.65. WisdomTree U.S. SmallCap Dividend Fund shares last traded at $39.42, with a volume of 347,393 shares traded.

WisdomTree U.S. SmallCap Dividend Fund Stock Down 0.1%

The company’s fifty day moving average is $38.56 and its two-hundred day moving average is $36.66. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 13.64 and a beta of 0.90.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of WisdomTree U.S. SmallCap Dividend Fund by 21.3% during the second quarter. Bank of America Corp DE now owns 2,299,893 shares of the company’s stock worth $73,045,000 after purchasing an additional 404,368 shares in the last quarter. Corient Private Wealth LLC increased its holdings in WisdomTree U.S. SmallCap Dividend Fund by 110.6% in the second quarter. Corient Private Wealth LLC now owns 714,782 shares of the company’s stock valued at $22,701,000 after buying an additional 375,454 shares during the last quarter. Allen Investment Management LLC acquired a new stake in WisdomTree U.S. SmallCap Dividend Fund in the fourth quarter valued at $9,817,000. Mercer Global Advisors Inc. ADV raised its stake in WisdomTree U.S. SmallCap Dividend Fund by 43.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 845,624 shares of the company’s stock valued at $28,481,000 after buying an additional 255,451 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in WisdomTree U.S. SmallCap Dividend Fund by 22.2% during the 4th quarter. Wells Fargo & Company MN now owns 729,432 shares of the company’s stock worth $24,400,000 after buying an additional 132,655 shares during the last quarter.

About WisdomTree U.S. SmallCap Dividend Fund

WisdomTree SmallCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree SmallCap Dividend Index (the Index). The Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the bottom 25% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.