WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Hits New 12-Month High – Time to Buy?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.48 and last traded at $53.36, with a volume of 6501 shares. The stock had previously closed at $51.49.

WisdomTree U.S. MidCap Dividend Fund Stock Up 4.0 %

The company has a market cap of $4.00 billion, a price-to-earnings ratio of 12.48 and a beta of 0.95. The stock’s 50-day simple moving average is $50.58 and its 200 day simple moving average is $48.76.

Institutional Trading of WisdomTree U.S. MidCap Dividend Fund

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its stake in WisdomTree U.S. MidCap Dividend Fund by 561.8% during the 1st quarter. Cetera Investment Advisers now owns 514,461 shares of the company’s stock worth $25,090,000 after acquiring an additional 436,725 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in WisdomTree U.S. MidCap Dividend Fund by 4,320.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 329,363 shares of the company’s stock valued at $15,404,000 after buying an additional 321,912 shares during the period. Goldstone Financial Group LLC acquired a new position in shares of WisdomTree U.S. MidCap Dividend Fund during the third quarter worth $7,608,000. LPL Financial LLC increased its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 4.1% in the 2nd quarter. LPL Financial LLC now owns 1,881,378 shares of the company’s stock valued at $87,992,000 after acquiring an additional 74,113 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in WisdomTree U.S. MidCap Dividend Fund in the 2nd quarter valued at $3,333,000.

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.