WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Up 0.1% – What’s Next?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) shares rose 0.1% during trading on Wednesday . The company traded as high as $33.0633 and last traded at $33.03. Approximately 102,221 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 63,754 shares. The stock had previously closed at $33.01.

WisdomTree PutWrite Strategy Fund Price Performance

The company has a 50-day moving average price of $32.65 and a 200-day moving average price of $33.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PUTW. NewEdge Advisors LLC bought a new position in shares of WisdomTree PutWrite Strategy Fund in the 2nd quarter worth $1,300,000. Jane Street Group LLC acquired a new stake in shares of WisdomTree PutWrite Strategy Fund in the 1st quarter valued at about $800,000. Visionary Wealth Advisors raised 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 purchasing an additional 11,352 shares during the period. Raymond James Financial Inc. raised its stake in shares of WisdomTree PutWrite Strategy Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 169,661 shares of the company’s stock valued at $5,436,000 after purchasing an additional 2,778 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake 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 valued at $595,000 after purchasing an additional 674 shares during the period.

WisdomTree PutWrite Strategy Fund Company Profile

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.