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

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $56.04 and last traded at $55.88, with a volume of 226754 shares trading hands. The stock had previously closed at $55.78.

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

The stock has a market capitalization of $3.96 billion, a P/E ratio of 15.04 and a beta of 0.94. The company has a fifty day simple moving average of $53.11 and a two-hundred day simple moving average of $52.14.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Tuesday, January 27th were given a $0.035 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 0.8%.

Institutional Trading of WisdomTree U.S. MidCap Dividend Fund

Hedge funds have recently bought and sold shares of the stock. Daviman Financial LLC acquired a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the fourth quarter valued at approximately $202,000. Global Retirement Partners LLC lifted its position in WisdomTree U.S. MidCap Dividend Fund by 34.0% in the 4th quarter. Global Retirement Partners LLC now owns 13,130 shares of the company’s stock valued at $678,000 after acquiring an additional 3,330 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in WisdomTree U.S. MidCap Dividend Fund by 22.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,053 shares of the company’s stock worth $54,000 after purchasing an additional 196 shares during the period. Larson Financial Group LLC boosted its stake in WisdomTree U.S. MidCap Dividend Fund by 4.6% in the 4th quarter. Larson Financial Group LLC now owns 74,421 shares of the company’s stock worth $3,840,000 after purchasing an additional 3,300 shares during the period. Finally, Intrua Financial LLC increased its holdings in WisdomTree U.S. MidCap Dividend Fund by 3.0% during the 4th quarter. Intrua Financial LLC now owns 53,928 shares of the company’s stock worth $2,783,000 after purchasing an additional 1,593 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.