WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Shares Down 0.2% – Here’s What Happened

Shares of WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) fell 0.2% during mid-day trading on Thursday . The stock traded as low as $24.04 and last traded at $24.13. 3,105 shares were traded during trading, a decline of 18% from the average daily volume of 3,766 shares. The stock had previously closed at $24.19.

WisdomTree New Economy Real Estate Fund Price Performance

The company has a market cap of $15.68 million, a price-to-earnings ratio of 1.30 and a beta of 1.06. The business’s fifty day moving average price is $25.18 and its 200 day moving average price is $24.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new stake in shares of WisdomTree New Economy Real Estate Fund in the 1st quarter valued at about $34,000. Raymond James Financial Inc. bought a new position in shares of WisdomTree New Economy Real Estate Fund during the second quarter worth about $74,000. Bank of America Corp DE raised its position in shares of WisdomTree New Economy Real Estate Fund by 8.0% during the second quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock worth $354,000 after acquiring an additional 1,344 shares during the last quarter. LPL Financial LLC lifted its stake in shares of WisdomTree New Economy Real Estate Fund by 50.7% in the fourth quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock worth $452,000 after acquiring an additional 7,142 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of WisdomTree New Economy Real Estate Fund by 165.4% in the first quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock worth $815,000 after acquiring an additional 29,311 shares during the period. 59.41% of the stock is owned by institutional investors and hedge funds.

WisdomTree New Economy Real Estate Fund Company Profile

The WisdomTree New Economy Real Estate ETF (WTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tier-weighted index of global real estate companies that have direct and\u002For indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening. WTRE was launched on Jun 5, 2007 and is managed by WisdomTree.