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

Shares of WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) saw an uptick in trading volume on Monday . 374,950 shares traded hands during trading, an increase of 166% from the previous session’s volume of 140,786 shares.The stock last traded at $42.92 and had previously closed at $44.97.

WisdomTree U.S. MidCap Dividend Fund Stock Performance

The company has a market cap of $3.41 billion, a P/E ratio of 16.05 and a beta of 0.93. The company has a fifty day moving average price of $50.04 and a two-hundred day moving average price of $51.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Goldstone Financial Group LLC lifted its stake in WisdomTree U.S. MidCap Dividend Fund by 7.8% in the fourth quarter. Goldstone Financial Group LLC now owns 160,340 shares of the company’s stock valued at $8,173,000 after purchasing an additional 11,539 shares during the last quarter. Founders Grove Wealth Partners LLC bought a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the fourth quarter worth approximately $3,198,000. Miracle Mile Advisors LLC lifted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 1.4% during the 4th quarter. Miracle Mile Advisors LLC now owns 24,324 shares of the company’s stock worth $1,240,000 after acquiring an additional 342 shares during the last quarter. Marion Wealth Management boosted its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 1.2% in the 4th quarter. Marion Wealth Management now owns 260,256 shares of the company’s stock worth $13,265,000 after purchasing an additional 3,105 shares in the last quarter. Finally, EWG Elevate Inc. bought a new position in WisdomTree U.S. MidCap Dividend Fund during the fourth quarter valued at approximately $2,640,000.

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.