WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $52.86 and traded as low as $50.73. WisdomTree U.S. MidCap Dividend Fund shares last traded at $50.97, with a volume of 102,360 shares changing hands.

WisdomTree U.S. MidCap Dividend Fund Price Performance

The business’s 50-day simple moving average is $52.86 and its two-hundred day simple moving average is $50.40. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 12.48 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC raised 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 purchasing an additional 528,175 shares during the period. Strategic Financial Concepts LLC lifted its holdings 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 buying an additional 321,912 shares in the last quarter. Goldstone Financial Group LLC purchased a new position in WisdomTree U.S. MidCap Dividend Fund in the 3rd quarter valued at about $7,608,000. Sanctuary Advisors LLC purchased a new position in WisdomTree U.S. MidCap Dividend Fund in the 2nd quarter valued at about $3,333,000. Finally, White Pine Investment CO increased its position in shares of WisdomTree U.S. MidCap Dividend Fund by 32.5% during the third quarter. White Pine Investment CO now owns 133,772 shares of the company’s stock worth $6,840,000 after acquiring 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.