WisdomTree Investments (WETF) : During the past 4 weeks, traders have been relatively bearish on WisdomTree Investments (WETF), hence the stock is down -14.94% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.94% relative to the S&P 500. The 4-week change in the price of the stock is -14.61% and the stock has fallen -2.98% in the past 1 week.
WisdomTree Investments, Inc. has dropped 6.99% during the last 3-month period . Year-to-Date the stock performance stands at -35.52%. The stock has recorded a 20-day Moving Average of 4.06% and the 50-Day Moving Average is 3.24%.
WisdomTree Investments (NASDAQ:WETF): The stock opened at $10.06 on Friday but the bulls could not build on the opening and the stock topped out at $10.27 for the day. The stock traded down to $10.01 during the day, due to lack of any buying support eventually closed down at $10.11 with a loss of -0.69% for the day. The stock had closed at $10.18 on the previous day. The total traded volume was 1,616,917 shares.
Also, Brokerage firm Citigroup maintains its rating on WisdomTree Investments (NASDAQ:WETF). As per the latest information, the brokerage house raises the price target to $7 per share from a prior target of $6. The shares have been rated Sell. The rating by the firm was issued on August 1, 2016.
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.