WisdomTree Investments (WETF) : Shanda Asset Management Holdings Ltd reduced its stake in WisdomTree Investments by 42.88% during the most recent quarter end. The investment management company now holds a total of 843,385 shares of WisdomTree Investments which is valued at $8,788,072 after selling 633,027 shares in WisdomTree Investments , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.WisdomTree Investments makes up approximately 1.42% of Shanda Asset Management Holdings Ltd’s portfolio.
Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in WETF in the latest quarter, The investment management firm added 23,512 additional shares and now holds a total of 24,494 shares of WisdomTree Investments which is valued at $255,227. WisdomTree Investments makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.Victory Capital Management Inc boosted its stake in WETF in the latest quarter, The investment management firm added 2,337 additional shares and now holds a total of 15,655 shares of WisdomTree Investments which is valued at $163,282. Wealthsource Partners sold out all of its stake in WETF during the most recent quarter. The investment firm sold 16,422 shares of WETF which is valued $171,281.Alps Advisors Inc reduced its stake in WETF by selling 2,440 shares or 6.85% in the most recent quarter. The Hedge Fund company now holds 33,181 shares of WETF which is valued at $371,959.
WisdomTree Investments closed down -0.01 points or -0.10% at $10.22 with 16,59,353 shares getting traded on Tuesday. Post opening the session at $10.31, the shares hit an intraday low of $10.21 and an intraday high of $10.46 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, WisdomTree Investments reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.06. The company had revenue of $55.98 million for the quarter, compared to analysts expectations of $55.25 million. The company’s revenue was down -31.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on WisdomTree Investments. WisdomTree Investments was Downgraded by BofA/Merrill to ” Neutral” on Jun 28, 2016. WisdomTree Investments was Downgraded by Northland Capital to ” Market Perform” on Jun 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.