WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Hits New 12-Month High – Should You Buy?

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 $54.43 and last traded at $54.39, with a volume of 125119 shares trading hands. The stock had previously closed at $53.43.

WisdomTree U.S. MidCap Dividend Fund Trading Up 1.3 %

The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 12.48 and a beta of 0.95. The stock has a fifty day moving average price of $51.75 and a 200 day moving average price of $49.35.

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

Several hedge funds have recently added to or reduced their stakes in DON. LPL Financial LLC increased its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 28.1% in the third quarter. LPL Financial LLC now owns 2,409,553 shares of the company’s stock valued at $123,200,000 after purchasing an additional 528,175 shares during the last quarter. Creative Planning increased its position in WisdomTree U.S. MidCap Dividend Fund by 0.5% during the 2nd quarter. Creative Planning now owns 1,615,432 shares of the company’s stock valued at $75,554,000 after purchasing an additional 7,344 shares during the period. AE Wealth Management LLC lifted its holdings in WisdomTree U.S. MidCap Dividend Fund by 1.3% in the second quarter. AE Wealth Management LLC now owns 675,952 shares of the company’s stock valued at $31,614,000 after buying an additional 8,514 shares during the period. Cetera Investment Advisers boosted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 525,872 shares of the company’s stock worth $24,595,000 after buying an additional 11,411 shares in the last quarter. Finally, Trajan Wealth LLC grew its holdings in WisdomTree U.S. MidCap Dividend Fund by 0.7% in the third quarter. Trajan Wealth LLC now owns 440,000 shares of the company’s stock worth $22,497,000 after purchasing an additional 3,050 shares during the period.

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.