WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Shares Down 1.5% – Here’s Why

Shares of WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) fell 1.5% during mid-day trading on Friday . The company traded as low as $33.35 and last traded at $33.38. 69,927 shares traded hands during trading, a decline of 33% from the average session volume of 103,889 shares. The stock had previously closed at $33.90.

WisdomTree PutWrite Strategy Fund Trading Down 1.5 %

The business has a 50-day moving average price of $33.53 and a 200-day moving average price of $33.39.

Hedge Funds Weigh In On WisdomTree PutWrite Strategy Fund

A number of large investors have recently made changes to their positions in the business. WCG Wealth Advisors LLC purchased a new stake in shares of WisdomTree PutWrite Strategy Fund during the fourth quarter valued at $740,000. Private Capital Management LLC grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 28.8% during the fourth quarter. Private Capital Management LLC now owns 62,578 shares of the company’s stock valued at $2,063,000 after buying an additional 13,989 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of WisdomTree PutWrite Strategy Fund during the fourth quarter valued at $6,110,000. Comerica Bank purchased a new stake in shares of WisdomTree PutWrite Strategy Fund during the fourth quarter valued at $586,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of WisdomTree PutWrite Strategy Fund during the fourth quarter valued at $4,473,000.

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.