WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Trading Up 1.1% – Should You Buy?

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) was up 1.1% during trading on Wednesday . The company traded as high as $30.69 and last traded at $30.58. Approximately 45,296 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 54,842 shares. The stock had previously closed at $30.25.

WisdomTree PutWrite Strategy Fund Stock Down 2.6 %

The firm has a 50 day moving average price of $31.47 and a 200-day moving average price of $32.85.

WisdomTree PutWrite Strategy Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On WisdomTree PutWrite Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in WisdomTree PutWrite Strategy Fund by 25.4% in the first quarter. CENTRAL TRUST Co now owns 86,912 shares of the company’s stock worth $2,706,000 after purchasing an additional 17,589 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of WisdomTree PutWrite Strategy Fund during the 1st quarter worth approximately $138,000. Granite Bay Wealth Management LLC grew its stake in WisdomTree PutWrite Strategy Fund by 5.9% in the 1st quarter. Granite Bay Wealth Management LLC now owns 173,147 shares of the company’s stock valued at $5,392,000 after buying an additional 9,683 shares during the last quarter. WCG Wealth Advisors LLC acquired a new position in shares of WisdomTree PutWrite Strategy Fund in the fourth quarter valued at approximately $740,000. Finally, Private Capital Management LLC increased 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 worth $2,063,000 after purchasing an additional 13,989 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.