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

Shares of WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.45 and last traded at $72.06, with a volume of 1689 shares trading hands. The stock had previously closed at $71.60.

WisdomTree U.S. MidCap Fund Price Performance

The firm has a market capitalization of $870.05 million, a price-to-earnings ratio of 12.98 and a beta of 1.09. The stock has a fifty day moving average of $68.91 and a two-hundred day moving average of $66.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. ABLE Financial Group LLC acquired a new position in WisdomTree U.S. MidCap Fund in the third quarter valued at approximately $203,000. Osaic Holdings Inc. increased its stake in shares of WisdomTree U.S. MidCap Fund by 8.0% in the 2nd quarter. Osaic Holdings Inc. now owns 28,270 shares of the company’s stock valued at $1,747,000 after acquiring an additional 2,084 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of WisdomTree U.S. MidCap Fund by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 310,148 shares of the company’s stock valued at $19,158,000 after acquiring an additional 18,007 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in WisdomTree U.S. MidCap Fund by 14.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 119,509 shares of the company’s stock worth $7,382,000 after acquiring an additional 14,677 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in WisdomTree U.S. MidCap Fund by 536.8% during the second quarter. AE Wealth Management LLC now owns 2,719 shares of the company’s stock worth $168,000 after acquiring an additional 2,292 shares in the last quarter.

About WisdomTree U.S. MidCap Fund

WisdomTree MidCap Earnings Fund (the Fund) seeks investment results that correspond to the price and yield performance of the WisdomTree MidCap Earnings Index (the Index). The Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the United States stock market. The Index consists of the companies in the top 75% of the market capitalization of the WisdomTree Earnings Index after the 500 largest companies have been removed.