WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.76 and traded as high as $40.47. WisdomTree U.S. SmallCap Dividend Fund shares last traded at $40.41, with a volume of 62,183 shares.

WisdomTree U.S. SmallCap Dividend Fund Price Performance

The firm has a market cap of $2.17 billion, a PE ratio of 13.64 and a beta of 0.89. The firm has a 50-day simple moving average of $40.72 and a 200 day simple moving average of $38.76.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of DES. Citadel Advisors LLC boosted its position in shares of WisdomTree U.S. SmallCap Dividend Fund by 85.8% in the 2nd quarter. Citadel Advisors LLC now owns 61,398 shares of the company’s stock worth $2,498,000 after purchasing an additional 28,346 shares in the last quarter. Corient Private Wealth LP increased its position in WisdomTree U.S. SmallCap Dividend Fund by 1.0% during the 2nd quarter. Corient Private Wealth LP now owns 70,809 shares of the company’s stock valued at $2,881,000 after buying an additional 668 shares in the last quarter. Melone Private Wealth LLC increased its position in WisdomTree U.S. SmallCap Dividend Fund by 0.7% during the 2nd quarter. Melone Private Wealth LLC now owns 173,362 shares of the company’s stock valued at $7,052,000 after buying an additional 1,195 shares in the last quarter. Anson Capital Inc. raised its stake in WisdomTree U.S. SmallCap Dividend Fund by 9.5% during the second quarter. Anson Capital Inc. now owns 12,398 shares of the company’s stock valued at $504,000 after buying an additional 1,080 shares during the last quarter. Finally, Highland Investment Advisors LLC purchased a new position in WisdomTree U.S. SmallCap Dividend Fund during the second quarter valued at $41,000.

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.