WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Shares Down 0.5% – Here’s Why

Shares of WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) dropped 0.5% during mid-day trading on Thursday . The company traded as low as $53.48 and last traded at $53.48. Approximately 185,088 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 137,658 shares. The stock had previously closed at $53.76.

WisdomTree U.S. MidCap Dividend Fund Stock Performance

The stock has a market cap of $3.99 billion, a P/E ratio of 12.48 and a beta of 0.95. The stock has a 50-day moving average price of $52.78 and a 200-day moving average price of $49.95.

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

A number of hedge funds and other institutional investors have recently modified their holdings of DON. LPL Financial LLC grew its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 28.1% during the third quarter. LPL Financial LLC now owns 2,409,553 shares of the company’s stock valued at $123,200,000 after buying an additional 528,175 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in WisdomTree U.S. MidCap Dividend Fund by 4,320.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 329,363 shares of the company’s stock worth $15,404,000 after purchasing an additional 321,912 shares during the period. Goldstone Financial Group LLC bought a new stake in WisdomTree U.S. MidCap Dividend Fund in the third quarter valued at approximately $7,608,000. Sanctuary Advisors LLC purchased a new stake in shares of WisdomTree U.S. MidCap Dividend Fund during the second quarter valued at approximately $3,333,000. Finally, White Pine Investment CO grew its holdings in shares of WisdomTree U.S. MidCap Dividend Fund by 32.5% in the third quarter. White Pine Investment CO now owns 133,772 shares of the company’s stock worth $6,840,000 after purchasing an additional 32,776 shares during the last quarter.

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.