WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Stock Price Up 12.4% – Here’s What Happened

WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE)’s share price rose 12.4% during mid-day trading on Monday . The stock traded as high as $48.84 and last traded at $54.74. Approximately 32,545 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 38,364 shares. The stock had previously closed at $48.70.

WisdomTree Efficient Gold Plus Equity Strategy Fund Stock Up 12.4%

The company has a 50 day moving average price of $49.65 and a 200-day moving average price of $45.25. The company has a market cap of $281.89 million, a price-to-earnings ratio of 25.53 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GDE. Mainstay Capital Management LLC ADV acquired a new position in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the second quarter valued at approximately $160,060,000. Alpine Bank Wealth Management acquired a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the 2nd quarter valued at approximately $31,451,000. CHURCHILL MANAGEMENT Corp acquired a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the 2nd quarter valued at approximately $10,293,000. Magnolia Private Wealth LLC increased its position in WisdomTree Efficient Gold Plus Equity Strategy Fund by 414.9% during the 1st quarter. Magnolia Private Wealth LLC now owns 203,632 shares of the company’s stock valued at $8,359,000 after purchasing an additional 164,082 shares during the period. Finally, Stapp Wealth Management Pllc acquired a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the 2nd quarter valued at approximately $6,479,000.

About WisdomTree Efficient Gold Plus Equity Strategy Fund

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.