WisdomTree Investments (WETF) : Traders are bullish on WisdomTree Investments (WETF) as it has outperformed the S&P 500 by a wide margin of 2.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 17.99% in the last 1 week, and is up 7.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 13.98% and the 50-Day Moving Average is 7.94%.
WisdomTree Investments (NASDAQ:WETF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.33 and $11.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.48, notching a gain of 2.04% for the day. The total traded volume was 2,030,566 . The stock had closed at $11.25 on the previous day.
The company Insiders own 17.4% of WisdomTree Investments shares according to the proxy statements. Institutional Investors own 96.16% of WisdomTree Investments shares. In a related news, Steinberg Jonathan L, CEO of Wisdomtree Investments, Inc. had purchased 200,000 shares on February 16, 2016 in a transaction. The price per share was $10.74 and the total amount of the disclosed transaction was $2,148,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.