WisdomTree Investments (WETF) : Traders are bullish on WisdomTree Investments (WETF) as it has outperformed the S&P 500 by a margin of 11.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.14% in the last 1 week, and is up 19.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
WisdomTree Investments (NASDAQ:WETF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.60 and $11.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.84, notching a gain of 2.78% for the day. The total traded volume was 1,730,059 . The stock had closed at $11.52 on the previous day.
The stock has recorded a 20-day Moving Average of 14.42% and the 50-Day Moving Average is 10.24%. WisdomTree Investments, Inc. has dropped 7.43% during the last 3-month period . Year-to-Date the stock performance stands at -24.49%.
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.