WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Trading Up 0.1% – Should You Buy?

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMYGet Free Report) shares traded up 0.1% during trading on Wednesday . The company traded as high as $25.47 and last traded at $25.4950. 2 shares were traded during mid-day trading, a decline of 100% from the average session volume of 579 shares. The stock had previously closed at $25.48.

WisdomTree High Income Laddered Municipal Fund Stock Performance

The company has a 50-day moving average of $25.65 and a two-hundred day moving average of $25.53.

WisdomTree High Income Laddered Municipal Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were issued a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, December 26th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC grew its stake in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMYFree Report) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,305 shares of the company’s stock after acquiring an additional 9,563 shares during the quarter. WisdomTree High Income Laddered Municipal Fund accounts for 0.8% of Hobbs Group Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Hobbs Group Advisors LLC owned about 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 as of its most recent filing with the Securities and Exchange Commission.

About WisdomTree High Income Laddered Municipal Fund

(Get Free Report)

The WisdomTree High Income Laddered Municipal Fund is an actively managed exchange-traded fund (ETF) that seeks to generate a high level of current income exempt from federal income taxes. The fund employs a laddered maturity strategy, investing in both investment-grade and high-yield municipal debt securities with an average duration between five and ten years. It focuses on securities expected to mature or have an option to be called or tendered within 15 years.

Further Reading

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