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

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) hit a new 52-week high on Wednesday . The stock traded as high as $57.13 and last traded at $56.67, with a volume of 80408 shares changing hands. The stock had previously closed at $56.80.

WisdomTree U.S. MidCap Dividend Fund Stock Down 0.2%

The stock has a fifty day simple moving average of $55.54 and a 200-day simple moving average of $54.42. The stock has a market cap of $3.97 billion, a P/E ratio of 15.04 and a beta of 0.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayban bought a new position in WisdomTree U.S. MidCap Dividend Fund in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in WisdomTree U.S. MidCap Dividend Fund during the fourth quarter valued at approximately $27,000. LRI Investments LLC bought a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the fourth quarter valued at $31,000. IFC & Insurance Marketing Inc. bought a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the 4th quarter valued at about $31,000. Finally, Basepoint Wealth LLC bought a new position in WisdomTree U.S. MidCap Dividend Fund during the fourth quarter worth about $32,000.

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. 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.