WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) Reaches New 1-Year High – Should You Buy?

Shares of WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) hit a new 52-week high during trading on Friday . The company traded as high as $67.07 and last traded at $67.04, with a volume of 12009 shares trading hands. The stock had previously closed at $65.92.

WisdomTree U.S. MidCap Fund Stock Up 1.6 %

The company has a market cap of $901.15 million, a price-to-earnings ratio of 9.62 and a beta of 1.18. The stock has a 50 day simple moving average of $62.88 and a 200 day simple moving average of $60.47.

Institutional Trading of WisdomTree U.S. MidCap Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Waverly Advisors LLC bought a new stake in WisdomTree U.S. MidCap Fund in the first quarter valued at about $1,000,000. Cetera Investment Advisers increased its holdings in shares of WisdomTree U.S. MidCap Fund by 324.3% in the 1st quarter. Cetera Investment Advisers now owns 190,442 shares of the company’s stock worth $11,621,000 after acquiring an additional 145,557 shares during the period. Cetera Advisors LLC lifted its position in WisdomTree U.S. MidCap Fund by 34.3% in the 1st quarter. Cetera Advisors LLC now owns 167,394 shares of the company’s stock valued at $10,214,000 after purchasing an additional 42,755 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in WisdomTree U.S. MidCap Fund by 3.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,340 shares of the company’s stock worth $424,000 after purchasing an additional 217 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of WisdomTree U.S. MidCap Fund by 10.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,625 shares of the company’s stock valued at $325,000 after purchasing an additional 555 shares during the period.

WisdomTree U.S. MidCap Fund Company Profile

WisdomTree MidCap Earnings Fund (the Fund) seeks investment results that correspond to the price and yield performance of the WisdomTree MidCap Earnings Index (the Index). The Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the United States stock market.