WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) Sees Strong Trading Volume – What’s Next?

WisdomTree U.S. MidCap Dividend Fund (NYSEARCA:DON) saw unusually-high trading volume on Monday . Approximately 68,905 shares changed hands during mid-day trading, a decline of 50% from the previous session’s volume of 136,541 shares.The stock last traded at $50.94 and had previously closed at $50.64.

WisdomTree U.S. MidCap Dividend Fund Stock Performance

The company has a 50 day moving average of $50.58 and a 200-day moving average of $48.76. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 12.48 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DON. New Covenant Trust Company N.A. purchased a new stake in WisdomTree U.S. MidCap Dividend Fund during the 1st quarter worth about $68,000. Kestra Advisory Services LLC increased its stake in shares of WisdomTree U.S. MidCap Dividend Fund by 5.4% during the first quarter. Kestra Advisory Services LLC now owns 342,527 shares of the company’s stock worth $16,705,000 after buying an additional 17,529 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of WisdomTree U.S. MidCap Dividend Fund during the first quarter worth approximately $577,000. Cadence Bank raised its holdings in WisdomTree U.S. MidCap Dividend Fund by 1.0% in the first quarter. Cadence Bank now owns 32,379 shares of the company’s stock valued at $1,579,000 after acquiring an additional 324 shares in the last quarter. Finally, Lake Street Advisors Group LLC purchased a new position in WisdomTree U.S. MidCap Dividend Fund in the first quarter worth approximately $951,000.

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.