WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Sees Unusually-High Trading Volume – Time to Buy?

Shares of WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) saw an uptick in trading volume on Wednesday . Approximately 408,667 shares changed hands during mid-day 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 Down 0.8%

The firm has a market capitalization of $3.99 billion, a P/E ratio of 15.04 and a beta of 0.85. The company has a fifty day simple moving average of $57.61 and a 200 day simple moving average of $55.66.

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

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 5.2% in the 2nd quarter. Bank of America Corp DE now owns 4,857,397 shares of the company’s stock worth $243,453,000 after purchasing an additional 241,593 shares in the last quarter. Morgan Stanley lifted its holdings in WisdomTree U.S. MidCap Dividend Fund by 1.2% in the 4th quarter. Morgan Stanley now owns 2,374,903 shares of the company’s stock worth $122,545,000 after purchasing an additional 29,117 shares in the last quarter. Linscomb Wealth Inc. boosted its stake in WisdomTree U.S. MidCap Dividend Fund by 0.9% in the 4th quarter. Linscomb Wealth Inc. now owns 1,844,548 shares of the company’s stock worth $95,179,000 after purchasing an additional 15,767 shares during the period. Ameriprise Financial Inc. boosted its stake in WisdomTree U.S. MidCap Dividend Fund by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,388,697 shares of the company’s stock worth $72,618,000 after purchasing an additional 13,197 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in WisdomTree U.S. MidCap Dividend Fund by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 998,423 shares of the company’s stock valued at $51,519,000 after buying an additional 63,062 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.