WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Up 0.4% – Time to Buy?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW)’s stock price rose 0.4% on Wednesday . The stock traded as high as $32.65 and last traded at $32.60. Approximately 91,089 shares were traded during trading, an increase of 43% from the average daily volume of 63,754 shares. The stock had previously closed at $32.48.

WisdomTree PutWrite Strategy Fund Stock Up 0.4%

The business’s fifty day moving average is $32.77 and its 200 day moving average is $32.93.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of 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 valued at $595,000 after buying an additional 674 shares in the last quarter. Raymond James Financial Inc. boosted its stake 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 acquiring an additional 2,778 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 22.5% in the 2nd quarter. Jane Street Group LLC now owns 31,464 shares of the company’s stock worth $1,008,000 after acquiring an additional 5,788 shares during the last quarter. Visionary Wealth Advisors grew its holdings 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 worth $1,093,000 after acquiring an additional 11,352 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of WisdomTree PutWrite Strategy Fund during the second quarter worth $1,300,000.

WisdomTree PutWrite Strategy Fund Company Profile

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.