WisdomTree Target Range Fund (NASDAQ:GTR) Stock Falls 0.7% – Should You Sell?

Shares of WisdomTree Target Range Fund (NASDAQ:GTR) traded down 0.7% on Thursday. The company traded as low as $27.17 and last traded at $27.1640. Approximately 4,954 shares traded hands during trading, a decline of 8% from the average daily volume of 5,413 shares. The stock had previously closed at $27.36.

WisdomTree Target Range Fund Stock Performance

The stock has a market cap of $71.87 million, a P/E ratio of 20.13 and a beta of 0.59. The firm has a 50-day moving average price of $27.55 and a 200-day moving average price of $27.14.

Institutional Trading of WisdomTree Target Range Fund

A hedge fund recently raised its position in WisdomTree Target Range Fund stock. Valmark Advisers Inc. boosted its holdings in shares of WisdomTree Target Range Fund (NASDAQ:GTR) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,360,343 shares of the company’s stock after acquiring an additional 127,779 shares during the period. Valmark Advisers Inc. owned 91.49% of WisdomTree Target Range Fund worth $59,183,000 at the end of the most recent reporting period.

About WisdomTree Target Range Fund

The WisdomTree Target Range Fund (GTR) is an exchange-traded fund that is based on the TOPS Global Equity Target Range index. The fund is an actively managed fund-of-funds that provides exposure to stocks from around the world while managing risk through a cash-secured call spread strategy. GTR was launched on Oct 7, 2021 and is managed by WisdomTree.