WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Sets New 1-Year High – Here’s Why

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

WisdomTree U.S. MidCap Dividend Fund Stock Performance

The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 15.04 and a beta of 0.85. The company has a 50-day moving average of $56.10 and a 200-day moving average of $55.62.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lee Kelleher & Klein Wealth Management lifted its position in shares of WisdomTree U.S. MidCap Dividend Fund by 2.9% in the third quarter. Lee Kelleher & Klein Wealth Management now owns 229,463 shares of the company’s stock worth $12,380,000 after buying an additional 6,512 shares during the last quarter. Cahill Financial Advisors Inc. boosted its holdings in WisdomTree U.S. MidCap Dividend Fund by 2.4% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 89,047 shares of the company’s stock valued at $5,033,000 after purchasing an additional 2,111 shares during the period. Anson Capital Inc. grew its position in WisdomTree U.S. MidCap Dividend Fund by 12.9% during the second quarter. Anson Capital Inc. now owns 20,201 shares of the company’s stock worth $1,142,000 after buying an additional 2,309 shares in the last quarter. MOR Wealth Management LLC acquired a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the second quarter valued at $416,000. Finally, Versant Capital Management Inc bought a new position in shares of WisdomTree U.S. MidCap Dividend Fund during the 2nd quarter worth about $135,000.

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.