WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Shares Down 5.4% – Here’s Why

WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) traded down 5.4% on Tuesday . The company traded as low as $68.57 and last traded at $70.29. 163,942 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 125,821 shares. The stock had previously closed at $74.30.

WisdomTree Efficient Gold Plus Equity Strategy Fund Price Performance

The stock has a fifty day moving average of $68.20 and a 200 day moving average of $61.13. The firm has a market capitalization of $361.99 million, a P/E ratio of 25.53 and a beta of 1.00.

WisdomTree Efficient Gold Plus Equity Strategy Fund Cuts Dividend

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

Institutional Trading of WisdomTree Efficient Gold Plus Equity Strategy Fund

Several hedge funds have recently added to or reduced their stakes in GDE. Envestnet Asset Management Inc. boosted its stake in WisdomTree Efficient Gold Plus Equity Strategy Fund by 1.1% in the third quarter. Envestnet Asset Management Inc. now owns 15,901 shares of the company’s stock valued at $913,000 after acquiring an additional 179 shares during the last quarter. Elm3 Financial Group LLC lifted its stake in WisdomTree Efficient Gold Plus Equity Strategy Fund by 2.2% in the third quarter. Elm3 Financial Group LLC now owns 11,102 shares of the company’s stock valued at $637,000 after purchasing an additional 234 shares during the last quarter. Royal Bank of Canada lifted its stake in WisdomTree Efficient Gold Plus Equity Strategy Fund by 1.7% in the first quarter. Royal Bank of Canada now owns 16,674 shares of the company’s stock valued at $684,000 after purchasing an additional 277 shares during the last quarter. Triumph Capital Management bought a new position in WisdomTree Efficient Gold Plus Equity Strategy Fund during the fourth quarter valued at $26,000. Finally, Geneos Wealth Management Inc. increased its position in WisdomTree Efficient Gold Plus Equity Strategy Fund by 14.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,779 shares of the company’s stock worth $233,000 after buying an additional 488 shares during 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.