WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Hits New 52-Week High – Still a Buy?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.13 and last traded at $56.67, with a volume of 80408 shares. The stock had previously closed at $56.80.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The business’s 50 day simple moving average is $55.57 and its 200 day simple moving average is $54.48. The stock has a market cap of $3.94 billion, a P/E ratio of 15.04 and a beta of 0.85.

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

Several hedge funds and other institutional investors have recently modified their holdings of DON. Wealthcare Capital Partners LLC grew its stake in 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 buying an additional 2,910 shares during the last quarter. Well Done LLC raised its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 0.9% in the fourth quarter. Well Done LLC now owns 42,046 shares of the company’s stock valued at $2,170,000 after acquiring an additional 366 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 338,833 shares of the company’s stock valued at $17,721,000 after acquiring an additional 24,324 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 6.2% in the 3rd quarter. IFP Advisors Inc now owns 9,282 shares of the company’s stock worth $485,000 after acquiring an additional 538 shares in the last quarter. Finally, Friday Financial boosted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 62.6% in the 4th quarter. Friday Financial now owns 14,350 shares of the company’s stock worth $740,000 after acquiring an additional 5,524 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.