WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) Trading Up 0.2% - Still a Buy?

Key Points

• The WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) experienced a slight increase of 0.2%, trading at $25.70, but saw a significant drop in trading volume at 722 shares, down 94% from its average.
• Institutional investors have shown increased interest, with Envestnet Asset Management increasing its stake by 31.3% and Steward Partners Investment Advisory showing an extraordinary increase of 14,761.0% in its position.
• The fund is characterized as a passively managed fund-of-funds focused on broad credit fixed income, aiming to outperform index-based core fixed income ETFs through fundamental research.

WisdomTree Bianco Total Return Fund (NASDAQ:WTBN - ) shares were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $25.70 and last traded at $25.70. Approximately 722 shares were traded during trading, a decline of 94% from the average daily volume of 11,169 shares. The stock had previously closed at $25.66.

WisdomTree Bianco Total Return Fund Stock Performance

The firm's 50 day moving average is $25.58 and its 200-day moving average is $25.32.

Hedge Funds Weigh In On WisdomTree Bianco Total Return Fund

Several institutional investors and hedge funds have recently bought and sold shares of WTBN. Envestnet Asset Management Inc. increased its position in WisdomTree Bianco Total Return Fund by 31.3% during the first quarter. Envestnet Asset Management Inc. now owns 118,481 shares of the company's stock worth $2,992,000 after purchasing an additional 28,241 shares during the last quarter. Park Edge Advisors LLC increased its position in WisdomTree Bianco Total Return Fund by 12.3% during the second quarter. Park Edge Advisors LLC now owns 156,458 shares of the company's stock worth $3,982,000 after purchasing an additional 17,156 shares during the last quarter. Lionsbridge Wealth Management LLC increased its position in WisdomTree Bianco Total Return Fund by 336.8% during the second quarter. Lionsbridge Wealth Management LLC now owns 90,479 shares of the company's stock worth $2,303,000 after purchasing an additional 69,767 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in WisdomTree Bianco Total Return Fund during the second quarter worth approximately $62,000. Finally, Steward Partners Investment Advisory LLC increased its position in WisdomTree Bianco Total Return Fund by 14,761.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 14,861 shares of the company's stock worth $378,000 after purchasing an additional 14,761 shares during the last quarter.

WisdomTree Bianco Total Return Fund Company Profile

The WisdomTree Bianco Total Return Fund (WTBN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a passively managed fund-of-funds, aiming to outperform index-based core fixed income ETFs. The underlying index is constructed utilizing fundamental, rules-based research to select and weight components among broad fixed income exposure globally.

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