WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Shares Up 15.9% – Still a Buy?

Shares of WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) shot up 15.9% during mid-day trading on Thursday . The company traded as high as $48.84 and last traded at $56.4210. 32,545 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 38,364 shares. The stock had previously closed at $48.70.

WisdomTree Efficient Gold Plus Equity Strategy Fund Trading Up 16.3%

The business’s fifty day simple moving average is $58.16 and its 200 day simple moving average is $51.34. The stock has a market cap of $291.70 million, a price-to-earnings ratio of 25.53 and a beta of 1.00.

WisdomTree Efficient Gold Plus Equity Strategy Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 30th. Stockholders of record on Tuesday, October 28th were paid a $2.52 dividend. The ex-dividend date of this dividend was Tuesday, October 28th. This represents a dividend yield of 875.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in WisdomTree Efficient Gold Plus Equity Strategy Fund by 1,026.4% in the third quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock valued at $235,000 after purchasing an additional 3,736 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the 3rd quarter valued at $12,530,000. Elequin Capital LP acquired a new position in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the 3rd quarter valued at $1,377,000. Bank of America Corp DE bought a new stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the 3rd quarter valued at $594,000. Finally, Ameriprise Financial Inc. acquired a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the 3rd quarter worth $3,109,000.

WisdomTree Efficient Gold Plus Equity Strategy Fund Company Profile

The WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide leveraged exposure, in approximately equal proportion, to US-listed gold futures and US large-cap equities. GDE was launched on Mar 17, 2022 and is managed by WisdomTree.