WisdomTree Target Range Fund (NASDAQ:GTR) Shares Down 0.8% – Here’s What Happened

WisdomTree Target Range Fund (NASDAQ:GTR) shares dropped 0.8% on Friday . The stock traded as low as $26.67 and last traded at $26.79. Approximately 621 shares traded hands during trading, a decline of 89% from the average daily volume of 5,846 shares. The stock had previously closed at $27.01.

WisdomTree Target Range Fund Price Performance

The firm has a fifty day simple moving average of $25.85 and a 200 day simple moving average of $25.84. The company has a market cap of $69.12 million, a price-to-earnings ratio of 20.13 and a beta of 0.59.

Hedge Funds Weigh In On WisdomTree Target Range Fund

A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. raised its stake in shares of WisdomTree Target Range Fund (NASDAQ:GTR) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,360,343 shares of the company’s stock after purchasing an additional 127,779 shares during the period. Valmark Advisers Inc. owned 91.49% of WisdomTree Target Range Fund worth $59,183,000 as of its most recent SEC filing.

About WisdomTree Target Range Fund

The WisdomTree Target Range Fund (GTR) is an exchange-traded fund that is based on the TOPS Global Equity Target Range index. The fund is an actively managed fund-of-funds that provides exposure to stocks from around the world while managing risk through a cash-secured call spread strategy. GTR was launched on Oct 7, 2021 and is managed by WisdomTree.