WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Stock Price Down 0.2% – Should You Sell?

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s stock price fell 0.2% on Thursday . The stock traded as low as $24.04 and last traded at $24.13. Approximately 3,105 shares changed hands 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 $15.64 million, a price-to-earnings ratio of 1.30 and a beta of 1.06. The company’s 50-day simple moving average is $25.16 and its 200-day simple moving average is $24.01.

Institutional Investors Weigh In On WisdomTree New Economy Real Estate Fund

Several institutional investors and hedge funds have recently made changes to their positions in WTRE. Western Wealth Management LLC acquired a new stake in shares of WisdomTree New Economy Real Estate Fund during the first quarter worth $34,000. Raymond James Financial Inc. acquired a new stake in WisdomTree New Economy Real Estate Fund during the second quarter worth about $74,000. Bank of America Corp DE lifted its holdings in WisdomTree New Economy Real Estate Fund by 8.0% in 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 holdings in 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 last quarter. Finally, Jane Street Group LLC boosted its stake in 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 valued at $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.