WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Trading 0.4% Higher – Should You Buy?

Shares of WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) shot up 0.4% during trading on Wednesday . The company traded as high as $32.65 and last traded at $32.60. Approximately 91,089 shares traded hands during trading, an increase of 43% from the average session volume of 63,754 shares. The stock had previously closed at $32.48.

WisdomTree PutWrite Strategy Fund Stock Up 0.4%

The stock has a 50 day simple moving average of $32.76 and a two-hundred day simple moving average of $32.92.

Institutional Investors Weigh In On WisdomTree PutWrite Strategy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Visionary Wealth Advisors lifted its stake in WisdomTree PutWrite Strategy Fund by 49.9% during the second quarter. Visionary Wealth Advisors now owns 34,099 shares of the company’s stock worth $1,093,000 after purchasing an additional 11,352 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in WisdomTree PutWrite Strategy Fund by 3.8% during the second quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock worth $595,000 after purchasing an additional 674 shares in the last quarter. Jane Street Group LLC lifted its position in shares of WisdomTree PutWrite Strategy Fund by 22.5% during the 2nd quarter. Jane Street Group LLC now owns 31,464 shares of the company’s stock worth $1,008,000 after buying an additional 5,788 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of WisdomTree PutWrite Strategy Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 169,661 shares of the company’s stock worth $5,436,000 after buying an additional 2,778 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of WisdomTree PutWrite Strategy Fund in the 2nd quarter valued at $1,300,000.

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.