WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Trading 0.7% Higher – Should You Buy?

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) shares rose 0.7% during trading on Friday . The company traded as high as $24.91 and last traded at $24.91. 4,653 shares were traded during trading, an increase of 25% from the average session volume of 3,733 shares. The stock had previously closed at $24.74.

WisdomTree New Economy Real Estate Fund Price Performance

The firm has a market cap of $16.19 million, a P/E ratio of 1.34 and a beta of 1.07. The company’s 50 day moving average is $24.60 and its two-hundred day moving average is $24.17.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of WisdomTree New Economy Real Estate Fund by 50.7% during the 4th quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock worth $452,000 after purchasing an additional 7,142 shares in the last quarter. Bank of America Corp DE raised its stake in shares of WisdomTree New Economy Real Estate Fund by 80.8% in the third quarter. Bank of America Corp DE now owns 32,888 shares of the company’s stock valued at $732,000 after purchasing an additional 14,698 shares in the last quarter. Jane Street Group LLC raised its stake in shares of 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 purchasing an additional 29,311 shares in the last quarter. Raymond James Financial Inc. bought a new position in WisdomTree New Economy Real Estate Fund in the second quarter worth $74,000. Finally, Western Wealth Management LLC bought a new position in WisdomTree New Economy Real Estate Fund in the first quarter worth $34,000. Institutional investors and hedge funds own 59.41% of the company’s stock.

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.