WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Stock Falls 1.4% – Here’s Why

Shares of WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) traded down 1.4% during mid-day trading on Friday. The stock traded as low as $21.73 and last traded at $21.73. 153 shares changed hands during trading, a decline of 95% from the average session volume of 3,308 shares. The stock had previously closed at $22.03.

WisdomTree New Economy Real Estate Fund Stock Down 1.4%

The company has a 50 day moving average of $22.77 and a 200-day moving average of $23.77. The stock has a market capitalization of $14.12 million, a P/E ratio of 1.17 and a beta of 1.08.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in WisdomTree New Economy Real Estate Fund stock. Western Wealth Management LLC purchased a new stake in shares of WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,553 shares of the company’s stock, valued at approximately $34,000. Western Wealth Management LLC owned approximately 0.24% of WisdomTree New Economy Real Estate Fund as of its most recent filing with the SEC. 59.41% of the stock is owned by hedge funds and other institutional investors.

About WisdomTree New Economy Real Estate Fund

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.