WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Shares Up 0.7% – What’s Next?

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

WisdomTree New Economy Real Estate Fund Stock Up 0.7%

The company has a 50-day simple moving average of $24.60 and a two-hundred day simple moving average of $24.17. The firm has a market cap of $16.19 million, a PE ratio of 1.34 and a beta of 1.07.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in shares of WisdomTree New Economy Real Estate Fund in the 1st quarter worth about $34,000. Raymond James Financial Inc. purchased a new stake in WisdomTree New Economy Real Estate Fund during the second quarter worth about $74,000. Bank of America Corp DE raised its position in WisdomTree New Economy Real Estate Fund by 8.0% in the second quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock worth $354,000 after acquiring an additional 1,344 shares during the period. LPL Financial LLC boosted its stake in WisdomTree New Economy Real Estate Fund by 50.7% in the fourth quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock valued at $452,000 after acquiring an additional 7,142 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in 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 acquiring an additional 29,311 shares during the last quarter. 59.41% of the stock is owned by hedge funds and other institutional investors.

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.