WisdomTree International Equity Fund (NYSEARCA:DWM) Shares Up 0.1% – Here’s Why

WisdomTree International Equity Fund (NYSEARCA:DWM)’s stock price shot up 0.1% on Friday . The company traded as high as $73.07 and last traded at $72.75. 18,989 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 15,078 shares. The stock had previously closed at $72.70.

WisdomTree International Equity Fund Trading Up 0.1%

The company has a market capitalization of $658.39 million, a price-to-earnings ratio of 13.53 and a beta of 0.66. The firm’s 50 day simple moving average is $73.67 and its 200-day simple moving average is $72.06.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in WisdomTree International Equity Fund by 8.7% during the first quarter. NewEdge Advisors LLC now owns 5,569 shares of the company’s stock worth $389,000 after purchasing an additional 445 shares in the last quarter. Royal Bank of Canada boosted its holdings in WisdomTree International Equity Fund by 0.8% in the 1st quarter. Royal Bank of Canada now owns 17,177 shares of the company’s stock valued at $1,200,000 after purchasing an additional 141 shares in the last quarter. Waverly Advisors LLC purchased a new stake in WisdomTree International Equity Fund in the 1st quarter valued at approximately $399,000. Cetera Investment Advisers increased its position in WisdomTree International Equity Fund by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 84,255 shares of the company’s stock worth $5,889,000 after purchasing an additional 4,731 shares during the period. Finally, Phillip James Consulting Co. purchased a new position in shares of WisdomTree International Equity Fund during the 1st quarter worth approximately $2,605,000. 67.46% of the stock is owned by hedge funds and other institutional investors.

WisdomTree International Equity Fund Company Profile

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.