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

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) reached a new 52-week high during trading on Friday . The company traded as high as $58.94 and last traded at $58.9070, with a volume of 24658 shares changing hands. The stock had previously closed at $58.70.

WisdomTree U.S. MidCap Dividend Fund Trading Up 0.3%

The stock has a market capitalization of $4.13 billion, a P/E ratio of 15.04 and a beta of 0.85. The company has a 50-day moving average price of $56.91 and a 200 day moving average price of $55.28.

Institutional Trading of WisdomTree U.S. MidCap Dividend Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DON. Bayban purchased a new stake in shares of WisdomTree U.S. MidCap Dividend Fund during the fourth quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the 4th quarter valued at $27,000. LRI Investments LLC purchased a new stake in shares of WisdomTree U.S. MidCap Dividend Fund during the 4th quarter worth about $31,000. IFC & Insurance Marketing Inc. purchased a new position in WisdomTree U.S. MidCap Dividend Fund during the fourth quarter worth approximately $31,000. Finally, Basepoint Wealth LLC acquired a new stake in WisdomTree U.S. MidCap Dividend Fund in the 4th quarter valued at $32,000.

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.