WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Shares Up 0.1% – What’s Next?

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY)’s share price shot up 0.1% during mid-day trading on Thursday . The company traded as high as $25.54 and last traded at $25.5050. 103 shares traded hands during trading, a decline of 89% from the average session volume of 916 shares. The stock had previously closed at $25.49.

WisdomTree High Income Laddered Municipal Fund Stock Performance

The business’s 50 day simple moving average is $25.48 and its 200-day simple moving average is $25.52.

Institutional Investors Weigh In On WisdomTree High Income Laddered Municipal Fund

An institutional investor recently raised its position in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC grew its stake in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,305 shares of the company’s stock after purchasing an additional 9,563 shares during the period. WisdomTree High Income Laddered Municipal Fund comprises approximately 0.8% of Hobbs Group Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Hobbs Group Advisors LLC owned 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 as of its most recent SEC filing.

WisdomTree High Income Laddered Municipal Fund Company Profile

The WisdomTree High Income Laddered Municipal Fund is an actively managed exchange-traded fund (ETF) that seeks to generate a high level of current income exempt from federal income taxes. The fund employs a laddered maturity strategy, investing in both investment-grade and high-yield municipal debt securities with an average duration between five and ten years. It focuses on securities expected to mature or have an option to be called or tendered within 15 years.