WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Hits New 52-Week Low – Time to Sell?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $45.11 and last traded at $44.96, with a volume of 40796 shares traded. The stock had previously closed at $47.33.

WisdomTree U.S. MidCap Dividend Fund Trading Down 5.0 %

The company has a market cap of $3.29 billion, a P/E ratio of 16.05 and a beta of 0.93. The stock’s 50 day moving average is $50.58 and its 200-day moving average is $51.59.

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

A number of institutional investors have recently made changes to their positions in DON. Raymond James Financial Inc. bought a new position in WisdomTree U.S. MidCap Dividend Fund in the 4th quarter valued at approximately $57,864,000. Stonebridge Financial Group LLC purchased a new stake in shares of WisdomTree U.S. MidCap Dividend Fund during the fourth quarter valued at $16,538,000. Strategic Financial Concepts LLC increased its holdings in 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 worth $16,526,000 after buying an additional 317,590 shares in the last quarter. Lido Advisors LLC raised its position in WisdomTree U.S. MidCap Dividend Fund by 1,887.9% in the 4th quarter. Lido Advisors LLC now owns 290,157 shares of the company’s stock worth $14,789,000 after buying an additional 275,561 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in WisdomTree U.S. MidCap Dividend Fund during the 4th quarter valued at about $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.