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

WisdomTree U.S. MidCap Fund (NYSEARCA:EZM)’s share price hit a new 52-week high on Thursday . The stock traded as high as $67.48 and last traded at $67.3950, with a volume of 6070 shares changing hands. The stock had previously closed at $67.19.

WisdomTree U.S. MidCap Fund Price Performance

The stock has a 50-day moving average price of $65.46 and a 200-day moving average price of $64.06. The firm has a market capitalization of $816.27 million, a PE ratio of 12.98 and a beta of 1.09.

Hedge Funds Weigh In On WisdomTree U.S. MidCap Fund

A number of institutional investors have recently made changes to their positions in EZM. DAVENPORT & Co LLC boosted its holdings in WisdomTree U.S. MidCap Fund by 11.8% in the second quarter. DAVENPORT & Co LLC now owns 666,452 shares of the company’s stock worth $41,167,000 after purchasing an additional 70,318 shares during the period. Great Point Wealth Advisors LLC bought a new position in shares of WisdomTree U.S. MidCap Fund in the 3rd quarter worth about $3,808,000. Raymond James Financial Inc. boosted its holdings in shares of WisdomTree U.S. MidCap Fund by 22.5% in the 1st quarter. Raymond James Financial Inc. now owns 161,522 shares of the company’s stock valued at $9,627,000 after buying an additional 29,625 shares during the period. Foster Group Inc. bought a new stake in shares of WisdomTree U.S. MidCap Fund during the 2nd quarter valued at about $1,191,000. Finally, Bank of America Corp DE raised its stake in WisdomTree U.S. MidCap Fund by 3.6% during the second quarter. Bank of America Corp DE now owns 533,933 shares of the company’s stock worth $32,981,000 after acquiring an additional 18,410 shares during the period.

About WisdomTree U.S. MidCap Fund

WisdomTree MidCap Earnings Fund (the Fund) seeks investment results that correspond to the price and yield performance of the WisdomTree MidCap Earnings Index (the Index). The Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the United States stock market.