Stocks of WisdomTree Investments (NASDAQ:WETF) rallied by 2.88% during the past week but lost 1.38% on a 4-week basis. The company has outperformed the S&P 500 by 4.11% in the past week but underperformed the index by 2.28% in the last 4 weeks.
WisdomTree Investments (NASDAQ:WETF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.57 and $10.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.72, notching a gain of 1.80% for the day. The total traded volume was 4,072,363 . The stock had closed at $10.53 on the previous day.
The company shares have dropped -51.21% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $26.23 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $10.99 and the 200 Day Moving Average price is recorded at $12.65.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Wisdomtree Investments, Inc., Steinberg Jonathan L had purchased shares worth of $2,148,000 in a transaction dated on February 16, 2016. A total of 200,000 shares were purchased at a price of $10.74 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Northland Securities downgrades its rating on WisdomTree Investments (NASDAQ:WETF).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 17.4% of WisdomTree Investments shares according to the proxy statements. Institutional Investors own 96.06% of WisdomTree Investments shares.
WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Companys 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 ETFs portfolio on a daily basis.