WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Trading Down 0.8% – Here’s Why

Shares of WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) dropped 0.8% on Wednesday . The stock traded as low as $67.96 and last traded at $68.15. Approximately 178,115 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 128,523 shares. The stock had previously closed at $68.73.

WisdomTree Efficient Gold Plus Equity Strategy Fund Trading Up 2.3%

The stock has a market capitalization of $359.52 million, a PE ratio of 25.53 and a beta of 1.00. The firm has a 50-day moving average price of $67.50 and a 200-day moving average price of $64.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 1.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,901 shares of the company’s stock worth $913,000 after purchasing an additional 179 shares during the period. Elm3 Financial Group LLC increased its position in WisdomTree Efficient Gold Plus Equity Strategy Fund by 2.2% in the third quarter. Elm3 Financial Group LLC now owns 11,102 shares of the company’s stock worth $637,000 after buying an additional 234 shares during the last quarter. Royal Bank of Canada raised its stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 1.7% in the first quarter. Royal Bank of Canada now owns 16,674 shares of the company’s stock valued at $684,000 after buying an additional 277 shares during the period. Triumph Capital Management purchased a new position in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund during the 4th quarter valued at $26,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 14.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,779 shares of the company’s stock valued at $233,000 after buying an additional 488 shares during the last quarter.

About WisdomTree Efficient Gold Plus Equity Strategy Fund

The WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide leveraged exposure, in approximately equal proportion, to US-listed gold futures and US large-cap equities. GDE was launched on Mar 17, 2022 and is managed by WisdomTree.