WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Hits New 52-Week High – What’s Next?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $53.83 and last traded at $53.6040, with a volume of 34143 shares. The stock had previously closed at $53.45.

WisdomTree U.S. MidCap Dividend Fund Stock Up 0.5%

The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.04 and a beta of 0.94. The stock has a fifty day moving average price of $51.87 and a two-hundred day moving average price of $51.74.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.0418 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.9%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DON. Spire Wealth Management increased its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 52.1% in the fourth quarter. Spire Wealth Management now owns 2,836 shares of the company’s stock worth $146,000 after buying an additional 972 shares during the last quarter. Eastern Bank bought a new position in WisdomTree U.S. MidCap Dividend Fund in the fourth quarter worth about $11,438,000. Lee Kelleher Wealth Management boosted its position in WisdomTree U.S. MidCap Dividend Fund by 4.9% during the 4th quarter. Lee Kelleher Wealth Management now owns 213,817 shares of the company’s stock valued at $11,033,000 after purchasing an additional 9,909 shares during the period. Wealthcare Capital Partners LLC grew its position in shares of WisdomTree U.S. MidCap Dividend Fund by 10.5% during the fourth quarter. Wealthcare Capital Partners LLC now owns 30,740 shares of the company’s stock worth $1,586,000 after acquiring an additional 2,910 shares during the last quarter. Finally, Well Done LLC grew its position in WisdomTree U.S. MidCap Dividend Fund by 0.9% in the 4th quarter. Well Done LLC now owns 42,046 shares of the company’s stock worth $2,170,000 after purchasing an additional 366 shares during the last quarter.

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.