WisdomTree Investments (WETF) : During the past 4 weeks, traders have been relatively bearish on WisdomTree Investments (WETF), hence the stock is down -10.16% 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 -0.15% relative to the S&P 500. The 4-week change in the price of the stock is -9.23% and the stock has fallen -0.1% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.99% and the 50-Day Moving Average is 1.32%. WisdomTree Investments (NASDAQ:WETF): On Fridays trading session , Opening price of the stock was $10.41 with an intraday high of $10.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.295. However, the stock managed to close at $10.42, a loss of 0.10% for the day. On the previous day, the stock had closed at $10.43. The total traded volume of the day was 986,824 shares.
The company Insiders own 17.4% of WisdomTree Investments shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 44.26% . Institutional Investors own 99.21% of WisdomTree Investments shares. During last six month period, the net percent change held by insiders has seen a change of 44.26%. Also, Citigroup maintains their rating on the shares of WisdomTree Investments (NASDAQ:WETF). The current rating of the shares is Sell. Equity Analysts at the Firm raises the price target to $7 per share from $6 per share. 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.