WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Shares Up 34.5% – Here’s Why

WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE)’s stock price rose 34.5% during mid-day trading on Friday . The stock traded as high as $48.84 and last traded at $65.5110. Approximately 32,545 shares traded hands during trading, a decline of 15% from the average daily volume of 38,364 shares. The stock had previously closed at $48.70.

WisdomTree Efficient Gold Plus Equity Strategy Fund Stock Up 34.5%

The stock has a market capitalization of $337.38 million, a price-to-earnings ratio of 25.53 and a beta of 1.00. The firm has a 50-day moving average of $61.50 and a two-hundred day moving average of $56.09.

WisdomTree Efficient Gold Plus Equity Strategy Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 26th were paid a dividend of $0.1423 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 44.0%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 1.7% in the 1st quarter. Royal Bank of Canada now owns 16,674 shares of the company’s stock valued at $684,000 after buying an additional 277 shares in the last quarter. Stapp Wealth Management Pllc bought a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund in the second quarter worth $6,479,000. Alpine Bank Wealth Management bought a new position in WisdomTree Efficient Gold Plus Equity Strategy Fund during the second quarter valued at about $31,451,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the second quarter worth about $10,293,000. Finally, Elm3 Financial Group LLC boosted its stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 111.8% during the 2nd quarter. Elm3 Financial Group LLC now owns 10,868 shares of the company’s stock worth $513,000 after acquiring an additional 5,737 shares in the last quarter.

WisdomTree Efficient Gold Plus Equity Strategy Fund Company Profile

The WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide leveraged exposure, in approximately equal proportion, to US-listed gold futures and US large-cap equities. GDE was launched on Mar 17, 2022 and is managed by WisdomTree.