Patriot Wealth Management buys $3,530,959 stake in WisdomTree Investments (WETF)

WisdomTree Investments (WETF) : Patriot Wealth Management scooped up 5,923 additional shares in WisdomTree Investments during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 314,983 shares of WisdomTree Investments which is valued at $3,530,959.WisdomTree Investments makes up approximately 0.68% of Patriot Wealth Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in WETF in the latest quarter, The investment management firm added 1,013,980 additional shares and now holds a total of 1,175,525 shares of WisdomTree Investments which is valued at $13,177,635. WisdomTree Investments makes up approx 0.01% of American Century Companies Inc’s portfolio.Winslow Evans Crocker reduced its stake in WETF by selling 245 shares or 24.62% in the most recent quarter. The Hedge Fund company now holds 750 shares of WETF which is valued at $8,880.Creative Planning reduced its stake in WETF by selling 934 shares or 16.87% in the most recent quarter. The Hedge Fund company now holds 4,601 shares of WETF which is valued at $50,151.

WisdomTree Investments closed down -1.19 points or -10.69% at $9.94 with 54,10,078 shares getting traded on Friday. Post opening the session at $10.79, the shares hit an intraday low of $9.89 and an intraday high of $10.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, WisdomTree Investments reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.06. The company had revenue of $55.98 million for the quarter, compared to analysts expectations of $55.25 million. The company’s revenue was down -31.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on WisdomTree Investments. WisdomTree Investments was Downgraded by BofA/Merrill to ” Neutral” on Jun 28, 2016. WisdomTree Investments was Downgraded by Northland Capital to ” Market Perform” on Jun 1, 2016.

WisdomTree Investments Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes funds that track third party indexes and actively managed funds. The Company distributes its ETFs through all major channels within the asset management industry including brokerage firms registered investment advisers institutional investors private wealth managers and discount brokers. Most of its index-based funds employ a fundamental weighted investment methodology which weights securities on the basis of factors such as dividends or earnings whereas most other ETF industry indexes use a capitalization weighted methodology. In addition it also offers actively managed ETFs which are ETFs that are not-based on a particular index but rather are actively managed with complete transparency into the ETF’s portfolio on a daily basis.

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