WisdomTree Core Laddered Municipal Fund (NASDAQ:WTMU) Trading Down 0.1% – Should You Sell?

WisdomTree Core Laddered Municipal Fund (NASDAQ:WTMUGet Free Report)’s share price traded down 0.1% during trading on Tuesday . The stock traded as low as $25.87 and last traded at $25.87. 2,320 shares traded hands during trading, a decline of 53% from the average session volume of 4,955 shares. The stock had previously closed at $25.90.

WisdomTree Core Laddered Municipal Fund Price Performance

The business’s 50-day moving average is $26.08 and its two-hundred day moving average is $25.88.

WisdomTree Core Laddered Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were paid a $0.0667 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, December 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WTMU. Commonwealth Equity Services LLC lifted its position in WisdomTree Core Laddered Municipal Fund by 34.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,410 shares of the company’s stock valued at $683,000 after purchasing an additional 6,817 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of WisdomTree Core Laddered Municipal Fund during the 2nd quarter worth approximately $787,000. Finally, Jane Street Group LLC lifted its holdings in shares of WisdomTree Core Laddered Municipal Fund by 12.1% in the 4th quarter. Jane Street Group LLC now owns 31,071 shares of the company’s stock valued at $804,000 after buying an additional 3,351 shares during the period.

About WisdomTree Core Laddered Municipal Fund

(Get Free Report)

The WisdomTree Core Laddered Municipal Fund is an actively managed exchange-traded fund (ETF) that seeks to generate current income exempt from federal income taxes. The fund employs a laddered maturity strategy, investing in municipal debt securities with an average duration between four and eight years. It may invest up to 30% of its net assets in municipal securities subject to the federal alternative minimum tax.

Further Reading

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