WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Trading Up 1% – Here’s Why

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s share price rose 1% on Thursday . The stock traded as high as $22.15 and last traded at $22.15. Approximately 765 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,407 shares. The stock had previously closed at $21.93.

WisdomTree New Economy Real Estate Fund Stock Performance

The company’s fifty day simple moving average is $22.53 and its two-hundred day simple moving average is $20.86. The stock has a market capitalization of $14.14 million, a P/E ratio of 1.17 and a beta of 0.99.

Institutional Trading of WisdomTree New Economy Real Estate Fund

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake 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 valued at $815,000 after purchasing an additional 29,311 shares during the period. Bank of America Corp DE boosted its position in shares of WisdomTree New Economy Real Estate Fund by 80.8% during the 3rd quarter. Bank of America Corp DE now owns 32,888 shares of the company’s stock worth $732,000 after acquiring an additional 14,698 shares in the last quarter. Flow Traders U.S. LLC increased its stake in shares of WisdomTree New Economy Real Estate Fund by 102.4% in the 1st quarter. Flow Traders U.S. LLC now owns 29,629 shares of the company’s stock valued at $513,000 after purchasing an additional 14,993 shares during the last quarter. Virtu Financial LLC raised its stake in WisdomTree New Economy Real Estate Fund by 17.5% during the first quarter. Virtu Financial LLC now owns 15,265 shares of the company’s stock worth $264,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in WisdomTree New Economy Real Estate Fund in the 2nd quarter valued at approximately $74,000. 59.41% of the stock is 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.