WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Trading 0.7% Higher – What’s Next?

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s share price traded up 0.7% during trading on Friday . The company traded as high as $24.91 and last traded at $24.91. 4,653 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 3,733 shares. The stock had previously closed at $24.74.

WisdomTree New Economy Real Estate Fund Price Performance

The company has a fifty day moving average of $24.60 and a 200-day moving average of $24.17. The firm has a market cap of $16.19 million, a P/E ratio of 1.34 and a beta of 1.07.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

Hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in shares of WisdomTree New Economy Real Estate Fund in the first quarter valued at about $34,000. Raymond James Financial Inc. purchased a new position in WisdomTree New Economy Real Estate Fund during the second quarter worth about $74,000. Bank of America Corp DE grew its position in WisdomTree New Economy Real Estate Fund by 8.0% in the 2nd quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock worth $354,000 after purchasing an additional 1,344 shares in the last quarter. LPL Financial LLC grew its position in WisdomTree New Economy Real Estate Fund by 50.7% in the 4th quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock worth $452,000 after purchasing an additional 7,142 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of WisdomTree New Economy Real Estate Fund by 165.4% during the 1st quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock worth $815,000 after buying an additional 29,311 shares in the last quarter. 59.41% of the stock is owned by hedge funds and other institutional investors.

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.