WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Sees Strong Trading Volume – What’s Next?

Shares of WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) saw unusually-high trading volume on Wednesday . Approximately 408,667 shares changed hands during trading, an increase of 213% from the previous session’s volume of 130,601 shares.The stock last traded at $56.8250 and had previously closed at $57.35.

WisdomTree U.S. MidCap Dividend Fund Stock Performance

The stock has a market cap of $3.98 billion, a P/E ratio of 15.04 and a beta of 0.85. The firm has a 50-day moving average price of $57.61 and a 200-day moving average price of $55.67.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 5.2% during the second quarter. Bank of America Corp DE now owns 4,857,397 shares of the company’s stock valued at $243,453,000 after buying an additional 241,593 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in WisdomTree U.S. MidCap Dividend Fund by 40.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 573,251 shares of the company’s stock valued at $29,981,000 after acquiring an additional 166,053 shares in the last quarter. Corient Private Wealth LLC boosted its stake in WisdomTree U.S. MidCap Dividend Fund by 388.2% during the 4th quarter. Corient Private Wealth LLC now owns 177,506 shares of the company’s stock valued at $9,222,000 after purchasing an additional 141,144 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 1,097.6% in the 3rd quarter. Two Sigma Investments LP now owns 148,500 shares of the company’s stock worth $7,767,000 after purchasing an additional 136,100 shares in the last quarter. Finally, Dickmeyer Boyce Financial Management Inc. purchased a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the first quarter worth $6,499,000.

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.