WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) Hits New 52-Week High – Should You Buy?

Shares of WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $67.88 and last traded at $68.2040, with a volume of 10361 shares changing hands. The stock had previously closed at $66.93.

WisdomTree U.S. MidCap Fund Trading Down 0.9%

The company has a 50 day simple moving average of $65.64 and a 200 day simple moving average of $64.33. The stock has a market capitalization of $825.46 million, a PE ratio of 12.98 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree U.S. MidCap Fund

Several hedge funds have recently modified their holdings of the stock. Quaker Wealth Management LLC increased its stake in WisdomTree U.S. MidCap Fund by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 457 shares of the company’s stock valued at $28,000 after buying an additional 914 shares during the period. Assetmark Inc. purchased a new stake in shares of WisdomTree U.S. MidCap Fund in the second quarter valued at about $62,000. Advisory Services Network LLC acquired a new position in shares of WisdomTree U.S. MidCap Fund during the third quarter worth about $73,000. Jones Financial Companies Lllp increased its stake in shares of WisdomTree U.S. MidCap Fund by 86.5% during the third quarter. Jones Financial Companies Lllp now owns 1,943 shares of the company’s stock worth $128,000 after acquiring an additional 901 shares during the period. Finally, US Bancorp DE increased its stake in shares of WisdomTree U.S. MidCap Fund by 56.4% during the third quarter. US Bancorp DE now owns 1,955 shares of the company’s stock worth $129,000 after acquiring an additional 705 shares during the period.

WisdomTree U.S. MidCap Fund Company Profile

WisdomTree MidCap Earnings Fund (the Fund) seeks investment results that correspond to the price and yield performance of the WisdomTree MidCap Earnings Index (the Index). The Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the United States stock market.