WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Down 1.1% – Here’s What Happened

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) shares dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as $32.70 and last traded at $32.81. 89,672 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 63,754 shares. The stock had previously closed at $33.19.

WisdomTree PutWrite Strategy Fund Stock Performance

The firm’s 50-day moving average is $33.03 and its 200 day moving average is $33.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUTW. Visionary Wealth Advisors raised its holdings in shares of WisdomTree PutWrite Strategy Fund by 49.9% in the 2nd quarter. Visionary Wealth Advisors now owns 34,099 shares of the company’s stock worth $1,093,000 after purchasing an additional 11,352 shares during the period. Jane Street Group LLC grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 22.5% during the 2nd quarter. Jane Street Group LLC now owns 31,464 shares of the company’s stock worth $1,008,000 after purchasing an additional 5,788 shares during the period. Raymond James Financial Inc. grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 169,661 shares of the company’s stock worth $5,436,000 after purchasing an additional 2,778 shares during the period. NewEdge Advisors LLC acquired a new stake in WisdomTree PutWrite Strategy Fund during the 2nd quarter worth approximately $1,300,000. Finally, Smartleaf Asset Management LLC increased its position in WisdomTree PutWrite Strategy Fund by 3.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock worth $595,000 after purchasing an additional 674 shares in the last quarter.

WisdomTree PutWrite Strategy Fund Company Profile

The WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is an exchange-traded fund that is based on the Cboe S&P 500 PutWrite index. The fund tracks an index that consists of short SPY put options and cash collateral. The index selects put options that target a premium of 2.5% and rolls its exposure twice a month. PUTW was launched on Feb 24, 2016 and is managed by WisdomTree.