WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Trading Down 1.1% – Should You Sell?

WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $58.90 and last traded at $59.50. 140,049 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 128,387 shares. The stock had previously closed at $60.18.

WisdomTree Efficient Gold Plus Equity Strategy Fund Trading Down 1.1%

The business has a fifty day moving average of $69.21 and a 200-day moving average of $62.92. The company has a market cap of $306.43 million, a PE ratio of 25.53 and a beta of 1.00.

Hedge Funds Weigh In On WisdomTree Efficient Gold Plus Equity Strategy Fund

Several hedge funds have recently made changes to their positions in GDE. Mainstay Capital Management LLC ADV lifted its stake in WisdomTree Efficient Gold Plus Equity Strategy Fund by 70.3% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,961,787 shares of the company’s stock worth $120,885,000 after acquiring an additional 809,982 shares during the period. Alpine Bank Wealth Management grew its stake in WisdomTree Efficient Gold Plus Equity Strategy Fund by 16.8% in the third quarter. Alpine Bank Wealth Management now owns 778,858 shares of the company’s stock worth $44,714,000 after purchasing an additional 111,952 shares during the period. Focus Partners Wealth bought a new position in WisdomTree Efficient Gold Plus Equity Strategy Fund in the third quarter worth $12,530,000. CWM LLC increased its stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 17.6% in the 4th quarter. CWM LLC now owns 191,076 shares of the company’s stock worth $11,774,000 after acquiring an additional 28,640 shares in the last quarter. Finally, Stapp Wealth Management Pllc lifted its position in WisdomTree Efficient Gold Plus Equity Strategy Fund by 0.8% during the 3rd quarter. Stapp Wealth Management Pllc now owns 138,449 shares of the company’s stock valued at $7,948,000 after acquiring an additional 1,071 shares during the period.

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.