WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Up 0.2% – Still a Buy?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW)’s stock price shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $33.01 and last traded at $33.01. 170,288 shares changed hands during trading, an increase of 167% from the average session volume of 63,754 shares. The stock had previously closed at $32.95.

WisdomTree PutWrite Strategy Fund Trading Down 0.2%

The business has a fifty day moving average of $32.77 and a 200-day moving average of $33.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PUTW. NewEdge Advisors LLC purchased a new position in shares of WisdomTree PutWrite Strategy Fund during the 2nd quarter worth approximately $1,300,000. Jane Street Group LLC purchased a new position in shares of WisdomTree PutWrite Strategy Fund during the 1st quarter worth approximately $800,000. Visionary Wealth Advisors grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 49.9% during 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 period. Raymond James Financial Inc. grew its holdings 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 during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 4.0% during the 2nd quarter. Osaic Holdings Inc. now owns 37,541 shares of the company’s stock worth $1,203,000 after acquiring an additional 1,454 shares during the period.

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.