WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Stock Price Down 2% – Here’s What Happened

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) shares traded down 2% on Wednesday . The company traded as low as $24.35 and last traded at $24.54. Approximately 6,176 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 4,034 shares. The stock had previously closed at $25.05.

WisdomTree New Economy Real Estate Fund Stock Performance

The company’s 50-day moving average price is $25.48 and its two-hundred day moving average price is $23.72. The stock has a market cap of $15.95 million, a PE ratio of 1.32 and a beta of 1.06.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

Several institutional investors and hedge funds have recently bought and sold shares of WTRE. Jane Street Group LLC grew its holdings in WisdomTree New Economy Real Estate Fund by 165.4% in the 1st quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock worth $815,000 after acquiring an additional 29,311 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of WisdomTree New Economy Real Estate Fund during the second quarter valued at about $74,000. Bank of America Corp DE raised its stake in shares of WisdomTree New Economy Real Estate Fund by 8.0% during the second quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock valued at $354,000 after acquiring an additional 1,344 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of WisdomTree New Economy Real Estate Fund by 50.7% during the fourth quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock worth $452,000 after purchasing an additional 7,142 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of WisdomTree New Economy Real Estate Fund during the first quarter worth about $34,000. 59.41% of the stock is currently owned by institutional investors.

WisdomTree New Economy Real Estate Fund Company Profile

The WisdomTree New Economy Real Estate ETF (WTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tier-weighted index of global real estate companies that have direct and\u002For indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening. WTRE was launched on Jun 5, 2007 and is managed by WisdomTree.