WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Sets New 52-Week High – Should You Buy?

Shares of WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) reached a new 52-week high during trading on Tuesday . The stock 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 Down 1.4%

The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 15.04 and a beta of 0.94. The company’s 50-day simple moving average is $53.37 and its 200-day simple moving average is $52.23.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%.

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

A number of institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its position in WisdomTree U.S. MidCap Dividend Fund by 22.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,053 shares of the company’s stock worth $54,000 after buying an additional 196 shares during the period. Asset Dedication LLC boosted its position in shares of WisdomTree U.S. MidCap Dividend Fund by 1.6% in the second quarter. Asset Dedication LLC now owns 12,503 shares of the company’s stock valued at $627,000 after acquiring an additional 200 shares during the period. Western Wealth Management LLC grew its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 2.2% in the fourth quarter. Western Wealth Management LLC now owns 9,434 shares of the company’s stock valued at $487,000 after acquiring an additional 203 shares in the last quarter. Brady Martz Wealth Solutions LLC increased its position in WisdomTree U.S. MidCap Dividend Fund by 0.4% during the third quarter. Brady Martz Wealth Solutions LLC now owns 55,089 shares of the company’s stock worth $2,881,000 after acquiring an additional 204 shares during the period. Finally, Blair William & Co. IL raised its stake in WisdomTree U.S. MidCap Dividend Fund by 3.6% in the 2nd quarter. Blair William & Co. IL now owns 5,958 shares of the company’s stock worth $299,000 after purchasing an additional 206 shares in the last quarter.

WisdomTree U.S. MidCap Dividend Fund Company Profile

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.