WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Shares Down 2% – Here’s Why

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s stock price traded down 2% during mid-day trading on Wednesday . The stock traded as low as $24.35 and last traded at $24.54. Approximately 6,176 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 4,034 shares. The stock had previously closed at $25.05.

WisdomTree New Economy Real Estate Fund Stock Performance

The company has a 50 day moving average price of $25.47 and a 200 day moving average price of $23.73. The company has a market capitalization of $15.76 million, a P/E ratio of 1.31 and a beta of 1.06.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new position in shares of WisdomTree New Economy Real Estate Fund in the first quarter valued at about $34,000. Raymond James Financial Inc. bought a new stake in shares of WisdomTree New Economy Real Estate Fund during the 2nd quarter worth about $74,000. Bank of America Corp DE grew its stake in WisdomTree New Economy Real Estate Fund by 8.0% in the 2nd quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock valued at $354,000 after buying an additional 1,344 shares during the last quarter. LPL Financial LLC raised its holdings in WisdomTree New Economy Real Estate Fund by 50.7% in the 4th 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 period. Finally, Jane Street Group LLC raised its holdings in WisdomTree New Economy Real Estate Fund by 165.4% in the 1st 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 period. 59.41% of the stock is owned by 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.