WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Trading Down 5.4% – What’s Next?

WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE)’s share price was down 5.4% on Tuesday . The stock traded as low as $68.57 and last traded at $70.29. Approximately 163,942 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 125,821 shares. The stock had previously closed at $74.30.

WisdomTree Efficient Gold Plus Equity Strategy Fund Stock Performance

The firm’s 50-day moving average is $68.32 and its 200 day moving average is $61.20. The firm has a market capitalization of $360.81 million, a PE ratio of 25.53 and a beta of 1.00.

WisdomTree Efficient Gold Plus Equity Strategy Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 26th were issued a $0.1423 dividend. This represents a dividend yield of 44.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mainstay Capital Management LLC ADV grew its holdings in WisdomTree Efficient Gold Plus Equity Strategy Fund by 70.3% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,961,787 shares of the company’s stock valued at $120,885,000 after buying an additional 809,982 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the third quarter valued at $12,530,000. CWM LLC purchased a new stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund in the third quarter valued at $9,325,000. Alpine Bank Wealth Management boosted its stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 16.8% during the third quarter. Alpine Bank Wealth Management now owns 778,858 shares of the company’s stock valued at $44,714,000 after acquiring an additional 111,952 shares during the last quarter. Finally, Howard Bailey Securities LLC purchased a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the 3rd quarter worth about $3,774,000.

About WisdomTree Efficient Gold Plus Equity Strategy Fund

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.