WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Down 0.5% – Time to Sell?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW)’s stock price traded down 0.5% during trading on Tuesday . The company traded as low as $31.04 and last traded at $31.10. 97,302 shares changed hands during trading, an increase of 53% from the average session volume of 63,754 shares. The stock had previously closed at $31.26.

WisdomTree PutWrite Strategy Fund Trading Down 0.5%

The stock’s 50 day moving average price is $33.13 and its 200 day moving average price is $33.28.

Hedge Funds Weigh In On WisdomTree PutWrite Strategy Fund

A number of large investors have recently modified their holdings of the company. Cresset Asset Management LLC grew its stake in WisdomTree PutWrite Strategy Fund by 1.0% during the 2nd quarter. Cresset Asset Management LLC now owns 34,839 shares of the company’s stock valued at $1,116,000 after purchasing an additional 340 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of WisdomTree PutWrite Strategy Fund by 3.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock valued at $595,000 after purchasing an additional 674 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of WisdomTree PutWrite Strategy Fund by 4.0% during the 2nd quarter. Osaic Holdings Inc. now owns 37,541 shares of the company’s stock valued at $1,203,000 after buying an additional 1,454 shares during the last quarter. Avestar Capital LLC grew its position in shares of WisdomTree PutWrite Strategy Fund by 2.0% during the second quarter. Avestar Capital LLC now owns 102,818 shares of the company’s stock worth $3,294,000 after buying an additional 1,998 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of WisdomTree PutWrite Strategy Fund by 1.7% in the second 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.

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.