Main Management ETF Advisors LLC Makes New Investment in WisdomTree, Inc. (NYSE:WT)

Main Management ETF Advisors LLC bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the 3rd quarter, Holdings Channel reports. The fund bought 77,600 shares of the company’s stock, valued at approximately $775,000.

Several other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of WisdomTree by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after buying an additional 410,348 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of WisdomTree by 588.2% in the 2nd quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock worth $726,000 after buying an additional 62,644 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of WisdomTree by 180.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after buying an additional 74,173 shares in the last quarter. Crawford Fund Management LLC boosted its position in shares of WisdomTree by 34.0% in the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after buying an additional 126,700 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of WisdomTree by 586.0% in the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock worth $2,498,000 after buying an additional 213,571 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Trading Down 0.6 %

NYSE WT opened at $11.38 on Friday. WisdomTree, Inc. has a 12 month low of $6.24 and a 12 month high of $12.45. The company has a 50-day moving average of $10.79 and a 200-day moving average of $10.31. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The company has a market cap of $1.66 billion, a P/E ratio of 39.24 and a beta of 1.46.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s dividend payout ratio is currently 41.38%.

Insider Activity

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This trade represents a 19.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

WT has been the subject of several analyst reports. UBS Group boosted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.