WisdomTree Core Laddered Municipal Fund (NASDAQ:WTMU) Trading Down 0.1% – What’s Next?

WisdomTree Core Laddered Municipal Fund (NASDAQ:WTMU)’s stock price dropped 0.1% during mid-day trading on Tuesday . The company traded as low as $25.87 and last traded at $25.87. Approximately 2,320 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 4,955 shares. The stock had previously closed at $25.90.

WisdomTree Core Laddered Municipal Fund Trading Down 0.1%

The firm has a fifty day moving average of $26.08 and a 200-day moving average of $25.88.

WisdomTree Core Laddered Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were issued a $0.0667 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Trading of WisdomTree Core Laddered Municipal Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new stake in shares of WisdomTree Core Laddered Municipal Fund in the 2nd quarter valued at about $787,000. Commonwealth Equity Services LLC lifted its stake in WisdomTree Core Laddered Municipal Fund by 34.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 26,410 shares of the company’s stock valued at $683,000 after purchasing an additional 6,817 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in WisdomTree Core Laddered Municipal Fund by 12.1% during the fourth quarter. Jane Street Group LLC now owns 31,071 shares of the company’s stock worth $804,000 after purchasing an additional 3,351 shares during the period.

About WisdomTree Core Laddered Municipal Fund

The WisdomTree Core Laddered Municipal Fund is an actively managed exchange-traded fund (ETF) that seeks to generate current income exempt from federal income taxes. The fund employs a laddered maturity strategy, investing in municipal debt securities with an average duration between four and eight years. It may invest up to 30% of its net assets in municipal securities subject to the federal alternative minimum tax.