WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Stock Price Up 2.2% – Should You Buy?

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s share price traded up 2.2% during trading on Friday. The stock traded as high as $22.43 and last traded at $22.43. 615 shares traded hands during trading, a decline of 82% from the average session volume of 3,452 shares. The stock had previously closed at $21.95.

WisdomTree New Economy Real Estate Fund Stock Performance

The stock has a market cap of $14.58 million, a PE ratio of 1.21 and a beta of 1.08. The company has a 50 day moving average of $23.57 and a two-hundred day moving average of $24.22.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

A hedge fund recently bought a new position in WisdomTree New Economy Real Estate Fund stock. Western Wealth Management LLC purchased a new position in shares of WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,553 shares of the company’s stock, valued at approximately $34,000. Western Wealth Management LLC owned approximately 0.24% of WisdomTree New Economy Real Estate Fund as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 59.41% of the company’s stock.

About WisdomTree New Economy Real Estate Fund

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.