WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Share Price Passes Below 200-Day Moving Average – Here’s Why

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $51.60 and traded as low as $49.41. WisdomTree U.S. MidCap Dividend Fund shares last traded at $50.15, with a volume of 139,569 shares changing hands.

WisdomTree U.S. MidCap Dividend Fund Stock Performance

The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 16.67 and a beta of 1.08. The company’s 50 day simple moving average is $51.50 and its 200 day simple moving average is $51.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Noble Wealth Management PBC bought a new position in WisdomTree U.S. MidCap Dividend Fund during the fourth quarter valued at about $28,000. Rice Partnership LLC acquired a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new stake in WisdomTree U.S. MidCap Dividend Fund during the fourth quarter valued at approximately $38,000. Farther Finance Advisors LLC grew its position in WisdomTree U.S. MidCap Dividend Fund by 430.6% in the third quarter. Farther Finance Advisors LLC now owns 833 shares of the company’s stock worth $43,000 after buying an additional 676 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of WisdomTree U.S. MidCap Dividend Fund in the fourth quarter valued at $43,000.

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.