WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) Reaches New 52-Week High – Should You Buy?

WisdomTree U.S. MidCap Fund (NYSEARCA:EZM) shares 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 Performance

The stock has a market capitalization of $901.54 million, a P/E ratio of 9.62 and a beta of 1.18. The stock has a 50-day simple moving average of $63.02 and a 200 day simple moving average of $60.52.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EZM. Northwest Investment Counselors LLC acquired a new position in shares of WisdomTree U.S. MidCap Fund in the 3rd quarter valued at $34,000. Better Money Decisions LLC acquired a new position in shares of WisdomTree U.S. MidCap Fund in the 3rd quarter valued at $201,000. Kaydan Wealth Management Inc. acquired a new position in shares of WisdomTree U.S. MidCap Fund in the 3rd quarter valued at $215,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of WisdomTree U.S. MidCap Fund by 10.9% in the 2nd 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. Finally, FMR LLC lifted its stake in shares of WisdomTree U.S. MidCap Fund by 118.2% in the 3rd quarter. FMR LLC now owns 5,951 shares of the company’s stock valued at $371,000 after purchasing an additional 3,224 shares during the period.

About WisdomTree U.S. MidCap Fund

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.