WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Up 0.2% – Still a Buy?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) shares were up 0.2% on Tuesday . The company traded as high as $33.01 and last traded at $33.01. Approximately 170,288 shares traded hands during trading, an increase of 167% from the average daily volume of 63,754 shares. The stock had previously closed at $32.95.

WisdomTree PutWrite Strategy Fund Stock Performance

The stock’s 50 day moving average is $32.80 and its two-hundred day moving average is $33.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PUTW. Smartleaf Asset Management LLC boosted its position in shares of WisdomTree PutWrite Strategy Fund by 3.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock worth $595,000 after purchasing an additional 674 shares during the last quarter. Jane Street Group LLC bought a new position in shares of WisdomTree PutWrite Strategy Fund in the 1st quarter worth $800,000. Visionary Wealth Advisors increased its stake in shares of WisdomTree PutWrite Strategy Fund by 49.9% in the 2nd quarter. Visionary Wealth Advisors now owns 34,099 shares of the company’s stock valued at $1,093,000 after acquiring an additional 11,352 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of WisdomTree PutWrite Strategy Fund by 4.0% in the 2nd quarter. Osaic Holdings Inc. now owns 37,541 shares of the company’s stock valued at $1,203,000 after acquiring an additional 1,454 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of WisdomTree PutWrite Strategy Fund in the 2nd quarter valued at about $1,300,000.

About WisdomTree PutWrite Strategy Fund

The WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is an exchange-traded fund that is based on the Cboe S&P 500 PutWrite index. The fund tracks an index that consists of short SPY put options and cash collateral. The index selects put options that target a premium of 2.5% and rolls its exposure twice a month. PUTW was launched on Feb 24, 2016 and is managed by WisdomTree.