WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) Sets New 12-Month High – Still a Buy?

WisdomTree U.S. MidCap Fund (NYSEARCA:EZM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $74.63 and last traded at $74.2750, with a volume of 955 shares changing hands. The stock had previously closed at $73.26.

WisdomTree U.S. MidCap Fund Price Performance

The company has a market capitalization of $895.60 million, a PE ratio of 12.98 and a beta of 1.00. The firm has a 50-day moving average of $71.62 and a 200 day moving average of $69.67.

Institutional Investors Weigh In On WisdomTree U.S. MidCap Fund

Several institutional investors have recently modified their holdings of EZM. Align Financial LLC bought a new position in WisdomTree U.S. MidCap Fund in the fourth quarter valued at about $13,846,000. TopTier Wealth Management LLC bought a new position in shares of WisdomTree U.S. MidCap Fund in the fourth quarter worth about $4,069,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of WisdomTree U.S. MidCap Fund by 576.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 70,055 shares of the company’s stock worth $4,680,000 after buying an additional 59,706 shares during the period. CPC Advisors LLC raised its stake in shares of WisdomTree U.S. MidCap Fund by 27.8% in the fourth quarter. CPC Advisors LLC now owns 255,466 shares of the company’s stock worth $17,065,000 after buying an additional 55,633 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of WisdomTree U.S. MidCap Fund by 69.4% in the fourth quarter. Royal Bank of Canada now owns 132,019 shares of the company’s stock worth $8,819,000 after buying an additional 54,086 shares during the period.

About WisdomTree U.S. MidCap Fund

WisdomTree MidCap Earnings Fund (the Fund) seeks investment results that correspond to the price and yield performance of the WisdomTree MidCap Earnings Index (the Index). The Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the United States stock market. The Index consists of the companies in the top 75% of the market capitalization of the WisdomTree Earnings Index after the 500 largest companies have been removed.