WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Trading 0.4% Higher – Still a Buy?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTWGet Free Report)’s stock price was up 0.4% during mid-day trading on Wednesday . The stock traded as high as $32.65 and last traded at $32.60. 91,089 shares changed hands during trading, an increase of 43% from the average session volume of 63,754 shares. The stock had previously closed at $32.48.

WisdomTree PutWrite Strategy Fund Price Performance

The stock has a 50-day simple moving average of $32.64 and a 200 day simple moving average of $32.83.

Hedge Funds Weigh In On WisdomTree PutWrite Strategy Fund

Several large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in WisdomTree PutWrite Strategy Fund by 3.8% in the second quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock worth $595,000 after purchasing an additional 674 shares during the period. Jane Street Group LLC acquired a new position in WisdomTree PutWrite Strategy Fund during the 1st quarter valued at about $800,000. Visionary Wealth Advisors boosted its stake in shares of WisdomTree PutWrite Strategy Fund by 49.9% in the 2nd quarter. Visionary Wealth Advisors now owns 34,099 shares of the company’s stock valued at $1,093,000 after purchasing an additional 11,352 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of WisdomTree PutWrite Strategy Fund in the 2nd quarter valued at about $1,300,000. Finally, Raymond James Financial Inc. grew its position in shares of WisdomTree PutWrite Strategy Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 169,661 shares of the company’s stock worth $5,436,000 after buying an additional 2,778 shares during the period.

WisdomTree PutWrite Strategy Fund Company Profile

(Get Free Report)

The WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is an exchange-traded fund that is based on the Cboe S&P 500 PutWrite index. The fund tracks an index that consists of short SPY put options and cash collateral. The index selects put options that target a premium of 2.5% and rolls its exposure twice a month. PUTW was launched on Feb 24, 2016 and is managed by WisdomTree.

Further Reading

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