WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Trading Up 0.1% – Here’s What Happened

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $33.7083 and last traded at $33.65. Approximately 540,648 shares changed hands during mid-day trading, an increase of 748% from the average daily volume of 63,754 shares. The stock had previously closed at $33.63.

WisdomTree PutWrite Strategy Fund Price Performance

The stock has a 50 day moving average of $33.33 and a 200-day moving average of $33.12.

Institutional Investors Weigh In On WisdomTree PutWrite Strategy Fund

A number of institutional investors and hedge funds have recently modified their holdings of PUTW. Cresset Asset Management LLC increased its holdings in WisdomTree PutWrite Strategy Fund by 1.0% in the 2nd quarter. Cresset Asset Management LLC now owns 34,839 shares of the company’s stock worth $1,116,000 after buying an additional 340 shares during the period. Smartleaf Asset Management LLC lifted its stake in WisdomTree PutWrite Strategy Fund by 3.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock valued at $595,000 after acquiring an additional 674 shares during the period. CWM LLC purchased a new stake in shares of WisdomTree PutWrite Strategy Fund in the 2nd quarter valued at $40,000. Kovack Advisors Inc. increased its stake in shares of WisdomTree PutWrite Strategy Fund by 18.0% in the second quarter. Kovack Advisors Inc. now owns 8,832 shares of the company’s stock worth $283,000 after acquiring an additional 1,349 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of WisdomTree PutWrite Strategy Fund by 4.0% in the second quarter. Osaic Holdings Inc. now owns 37,541 shares of the company’s stock worth $1,203,000 after acquiring an additional 1,454 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.