WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Trading Up 0.1% – Should You Buy?

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s share price rose 0.1% during mid-day trading on Tuesday . The company traded as high as $25.86 and last traded at $25.52. Approximately 6,277 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 4,110 shares. The stock had previously closed at $25.50.

WisdomTree New Economy Real Estate Fund Stock Performance

The stock’s 50-day simple moving average is $24.82 and its 200 day simple moving average is $23.28. The company has a market capitalization of $16.59 million, a PE ratio of 1.38 and a beta of 1.06.

Institutional Trading of WisdomTree New Economy Real Estate Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of WTRE. Jane Street Group LLC raised its stake in WisdomTree New Economy Real Estate Fund by 165.4% in the first quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock valued at $815,000 after buying an additional 29,311 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of WisdomTree New Economy Real Estate Fund by 80.8% in the 3rd quarter. Bank of America Corp DE now owns 32,888 shares of the company’s stock valued at $732,000 after acquiring an additional 14,698 shares during the last quarter. LPL Financial LLC increased its holdings in shares of WisdomTree New Economy Real Estate Fund by 50.7% in the 4th quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock valued at $452,000 after acquiring an additional 7,142 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of WisdomTree New Economy Real Estate Fund during the 2nd quarter worth about $74,000. Finally, Western Wealth Management LLC acquired a new stake in shares of WisdomTree New Economy Real Estate Fund during the 1st quarter worth about $34,000. 59.41% of the stock is currently owned by institutional investors and hedge funds.

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.