WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Sets New 52-Week High – Still a Buy?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.33 and last traded at $58.2750, with a volume of 10613 shares. The stock had previously closed at $57.80.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The firm’s 50 day moving average is $56.11 and its 200 day moving average is $54.88. The company has a market capitalization of $4.08 billion, a PE ratio of 15.04 and a beta of 0.85.

Hedge Funds Weigh In On WisdomTree U.S. MidCap Dividend Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 purchased a new position in WisdomTree U.S. MidCap Dividend Fund during the 4th quarter valued at about $27,000. LRI Investments LLC purchased a new position in WisdomTree U.S. MidCap Dividend Fund during the 4th quarter valued at about $31,000. IFC & Insurance Marketing Inc. bought a new position in WisdomTree U.S. MidCap Dividend Fund during the 4th quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC bought a new position in WisdomTree U.S. MidCap Dividend Fund during the 4th quarter valued at approximately $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.