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

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $54.55 and last traded at $54.39, with a volume of 198014 shares. The stock had previously closed at $53.38.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The firm has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $51.86. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 15.04 and a beta of 0.94.

WisdomTree U.S. MidCap Dividend Fund Cuts Dividend

The firm also recently announced 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 Investors Weigh In On WisdomTree U.S. MidCap Dividend Fund

Large investors have recently made changes to their positions in the stock. Asset Dedication LLC grew its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 1.6% during the second quarter. Asset Dedication LLC now owns 12,503 shares of the company’s stock worth $627,000 after buying an additional 200 shares in the last quarter. Brady Martz Wealth Solutions LLC raised its stake in WisdomTree U.S. MidCap Dividend Fund by 0.4% in the third quarter. Brady Martz Wealth Solutions LLC now owns 55,089 shares of the company’s stock valued at $2,881,000 after buying an additional 204 shares during the period. Blair William & Co. IL raised its stake in WisdomTree U.S. MidCap Dividend Fund by 3.6% in the 2nd quarter. Blair William & Co. IL now owns 5,958 shares of the company’s stock valued at $299,000 after acquiring an additional 206 shares during the period. Focus Financial Network Inc. raised its position in shares of WisdomTree U.S. MidCap Dividend Fund by 1.3% in the third quarter. Focus Financial Network Inc. now owns 17,769 shares of the company’s stock valued at $929,000 after purchasing an additional 221 shares during the period. Finally, Betterment LLC lifted its position in WisdomTree U.S. MidCap Dividend Fund by 1.8% during the third quarter. Betterment LLC now owns 14,449 shares of the company’s stock worth $756,000 after acquiring an additional 251 shares during the last quarter.

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.