3d Asset Management Inc Exits Position in WisdomTree Investments (WETF)

WisdomTree Investments (WETF) : 3d Asset Management Inc has sold out all of its stake in WisdomTree Investments during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 15,316 shares of WisdomTree Investments which is valued at $159,133.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in WETF in the latest quarter, The investment management firm added 160,544 additional shares and now holds a total of 8,340,263 shares of WisdomTree Investments which is valued at $86.7 Million. WisdomTree Investments makes up approx 0.01% of Vanguard Group Inc’s portfolio.Ardevora Asset Management Llp boosted its stake in WETF in the latest quarter, The investment management firm added 884,800 additional shares and now holds a total of 2,014,700 shares of WisdomTree Investments which is valued at $20.9 Million. WisdomTree Investments makes up approx 1.02% of Ardevora Asset Management Llp’s portfolio. Braun Stacey Associates Inc added WETF to its portfolio by purchasing 13,945 company shares during the most recent quarter which is valued at $146,283. WisdomTree Investments makes up approx 0.01% of Braun Stacey Associates Inc’s portfolio. Emerald Advisers Incpa sold out all of its stake in WETF during the most recent quarter. The investment firm sold 13,518 shares of WETF which is valued $147,211.

WisdomTree Investments opened for trading at $11.53 and hit $11.9 on the upside on Wednesday, eventually ending the session at $11.89, with a gain of 4.48% or 0.51 points. The heightened volatility saw the trading volume jump to 38,84,512 shares. Company has a market cap of $1,623 M.

On the company’s financial health, WisdomTree Investments reported $0.09 EPS for the quarter, based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $60.90 million for the quarter, compared to analysts expectations of $60.69 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

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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