WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Stock Price Up 1.6% – Still a Buy?

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE)’s stock price rose 1.6% during trading on Friday . The company traded as high as $17.52 and last traded at $17.37. Approximately 5,899 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 3,838 shares. The stock had previously closed at $17.10.

WisdomTree New Economy Real Estate Fund Stock Performance

The company’s 50-day moving average price is $18.67 and its two-hundred day moving average price is $18.65. The stock has a market cap of $19.11 million, a PE ratio of 23.52 and a beta of 1.07.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

An institutional investor recently bought a new position in WisdomTree New Economy Real Estate Fund stock. Flow Traders U.S. LLC purchased a new stake in shares of WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,455 shares of the company’s stock, valued at approximately $925,000. Flow Traders U.S. LLC owned about 4.22% of WisdomTree New Economy Real Estate Fund at the end of the most recent reporting period.

WisdomTree New Economy Real Estate Fund Company Profile

The WisdomTree New Economy Real Estate ETF (WTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tier-weighted index of global real estate companies that have direct and\u002For indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening.