WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Stock Price Up 0.4% – Time to Buy?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW)’s stock price shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $32.65 and last traded at $32.60. 91,089 shares changed hands during trading, an increase of 43% from the average daily volume of 63,754 shares. The stock had previously closed at $32.48.

WisdomTree PutWrite Strategy Fund Stock Up 0.4%

The company has a fifty day moving average price of $32.64 and a 200 day moving average price of $32.83.

Institutional Trading of WisdomTree PutWrite Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in shares of WisdomTree PutWrite Strategy Fund by 3.8% during the second quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock valued at $595,000 after purchasing an additional 674 shares during the period. Jane Street Group LLC purchased a new stake in WisdomTree PutWrite Strategy Fund during the 1st quarter valued at $800,000. Visionary Wealth Advisors grew its holdings in WisdomTree PutWrite Strategy Fund by 49.9% in 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 last quarter. NewEdge Advisors LLC purchased a new position in shares of WisdomTree PutWrite Strategy Fund in the second quarter valued at about $1,300,000. Finally, Raymond James Financial Inc. raised its stake in shares of WisdomTree PutWrite Strategy Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 169,661 shares of the company’s stock valued at $5,436,000 after acquiring an additional 2,778 shares during the last quarter.

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.