WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Reaches New 12-Month High – Here’s What Happened

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.83 and last traded at $53.6040, with a volume of 34143 shares traded. The stock had previously closed at $53.45.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The company has a market cap of $3.83 billion, a PE ratio of 15.04 and a beta of 0.94. The company’s 50 day simple moving average is $51.87 and its two-hundred day simple moving average is $51.74.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.0418 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 0.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new position in shares of WisdomTree U.S. MidCap Dividend Fund during the first quarter worth about $576,000. Melone Private Wealth LLC boosted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 2.4% in the second quarter. Melone Private Wealth LLC now owns 334,530 shares of the company’s stock valued at $16,716,000 after acquiring an additional 7,741 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in WisdomTree U.S. MidCap Dividend Fund by 2.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 148,454 shares of the company’s stock worth $7,440,000 after purchasing an additional 3,349 shares during the period. Financial Management Network Inc. lifted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 15.0% in the 2nd quarter. Financial Management Network Inc. now owns 37,644 shares of the company’s stock valued at $1,944,000 after buying an additional 4,909 shares during the period. Finally, Focus Financial Network Inc. grew its holdings in WisdomTree U.S. MidCap Dividend Fund by 5.2% during the second quarter. Focus Financial Network Inc. now owns 17,548 shares of the company’s stock worth $879,000 after acquiring an additional 860 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. 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.