WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Reaches New 1-Year Low – Should You Sell?

Shares of WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) reached a new 52-week low on Thursday . The stock traded as low as $42.50 and last traded at $46.63, with a volume of 360327 shares traded. The stock had previously closed at $43.28.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The stock has a 50 day moving average of $49.54 and a 200 day moving average of $51.30. The firm has a market cap of $3.34 billion, a P/E ratio of 16.05 and a beta of 0.93.

Institutional Trading of WisdomTree U.S. MidCap Dividend Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in WisdomTree U.S. MidCap Dividend Fund in the fourth quarter worth about $57,864,000. Stonebridge Financial Group LLC bought a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the 4th quarter worth approximately $16,538,000. Strategic Financial Concepts LLC lifted its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 4,788.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 324,222 shares of the company’s stock valued at $16,526,000 after purchasing an additional 317,590 shares during the period. Lido Advisors LLC boosted its position in shares of WisdomTree U.S. MidCap Dividend Fund by 1,887.9% during the fourth quarter. Lido Advisors LLC now owns 290,157 shares of the company’s stock valued at $14,789,000 after purchasing an additional 275,561 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in WisdomTree U.S. MidCap Dividend Fund in the fourth quarter worth $11,649,000.

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.