WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Shares of WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $38.58 and traded as low as $38.41. WisdomTree U.S. SmallCap Dividend Fund shares last traded at $38.55, with a volume of 85,423 shares traded.

WisdomTree U.S. SmallCap Dividend Fund Price Performance

The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 13.64 and a beta of 0.91. The firm has a fifty day moving average of $39.00 and a 200 day moving average of $38.58.

Institutional Trading of WisdomTree U.S. SmallCap Dividend Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of DES. Bank of America Corp DE boosted its position in WisdomTree U.S. SmallCap Dividend Fund by 0.7% during the 1st quarter. Bank of America Corp DE now owns 2,457,823 shares of the company’s stock valued at $88,334,000 after acquiring an additional 17,417 shares in the last quarter. Keybank National Association OH purchased a new position in WisdomTree U.S. SmallCap Dividend Fund in the third quarter valued at approximately $27,641,000. Valmark Advisers Inc. grew its holdings in shares of WisdomTree U.S. SmallCap Dividend Fund by 4.7% in the 1st quarter. Valmark Advisers Inc. now owns 348,798 shares of the company’s stock worth $12,536,000 after acquiring an additional 15,657 shares during the period. Cetera Investment Advisers increased its holdings in WisdomTree U.S. SmallCap Dividend Fund by 0.4% in the 1st quarter. Cetera Investment Advisers now owns 320,538 shares of the company’s stock valued at $11,520,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in WisdomTree U.S. SmallCap Dividend Fund by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 249,762 shares of the company’s stock valued at $10,160,000 after purchasing an additional 10,559 shares during the period.

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.