WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Reaches New 52-Week High – Here’s What Happened

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 $54.55 and last traded at $54.39, with a volume of 198014 shares trading hands. The stock had previously closed at $53.38.

WisdomTree U.S. MidCap Dividend Fund Trading Up 1.9%

The stock has a market capitalization of $3.88 billion, a PE ratio of 15.04 and a beta of 0.94. The firm has a 50-day moving average price of $52.25 and a 200-day moving average price of $51.86.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. River Street Advisors LLC purchased a new position in WisdomTree U.S. MidCap Dividend Fund in the 2nd quarter valued at approximately $186,000. Vicus Capital lifted its position in shares of WisdomTree U.S. MidCap Dividend Fund by 13.5% during the second quarter. Vicus Capital now owns 17,592 shares of the company’s stock worth $882,000 after acquiring an additional 2,099 shares in the last quarter. Powers Advisory Group LLC boosted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 0.7% in the second quarter. Powers Advisory Group LLC now owns 46,073 shares of the company’s stock worth $2,309,000 after acquiring an additional 337 shares during the period. Centennial Wealth Advisory LLC grew its position in shares of WisdomTree U.S. MidCap Dividend Fund by 7.6% in the second quarter. Centennial Wealth Advisory LLC now owns 11,084 shares of the company’s stock valued at $555,000 after purchasing an additional 779 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of WisdomTree U.S. MidCap Dividend Fund by 529.1% in the second quarter. Farther Finance Advisors LLC now owns 8,839 shares of the company’s stock valued at $443,000 after purchasing an additional 7,434 shares in the last quarter.

About WisdomTree U.S. MidCap Dividend Fund

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.