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

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) shares reached a new 52-week high on Thursday. The company traded as high as $58.97 and last traded at $58.6350, with a volume of 7,356 shares traded. The stock had previously closed at $58.47.

WisdomTree U.S. MidCap Dividend Fund Trading Down 0.6%

The firm has a market cap of $4.04 billion, a P/E ratio of 15.04 and a beta of 0.85. The company’s 50-day moving average is $56.15 and its two-hundred day moving average is $55.59.

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

Hedge funds have recently bought and sold shares of the company. Keybank National Association OH bought a new stake in WisdomTree U.S. MidCap Dividend Fund during the third quarter worth about $31,229,000. IAG Wealth Partners LLC grew its stake in WisdomTree U.S. MidCap Dividend Fund by 1.5% during the first quarter. IAG Wealth Partners LLC now owns 500,699 shares of the company’s stock worth $26,307,000 after buying an additional 7,504 shares in the last quarter. Stonebridge Financial Group LLC increased its holdings in WisdomTree U.S. MidCap Dividend Fund by 2.2% in the 2nd quarter. Stonebridge Financial Group LLC now owns 396,757 shares of the company’s stock valued at $22,425,000 after buying an additional 8,695 shares during the period. Commonwealth Equity Services LLC bought a new position in WisdomTree U.S. MidCap Dividend Fund in the 3rd quarter valued at about $21,255,000. Finally, Baird Financial Group Inc. increased its holdings in WisdomTree U.S. MidCap Dividend Fund by 1.5% in the 2nd quarter. Baird Financial Group Inc. now owns 359,731 shares of the company’s stock valued at $20,332,000 after buying an additional 5,308 shares during the period.

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.