WisdomTree Target Range Fund (NASDAQ:GTR) Shares Down 0.3% - Here's What Happened

Key Points

• The WisdomTree Target Range Fund (NASDAQ:GTR) saw its share price decline by 0.3%, trading at $25.83 with a significant drop in volume to approximately 2,709 shares.
• Valmark Advisers Inc. increased its stake in the fund by 2.4%, making it its 28th largest holding, with a total of approximately 93.70% of WisdomTree Target Range Fund.
• The fund, managed by WisdomTree, is an actively managed ETF based on the TOPS Global Equity Target Range index, offering global stock exposure while using a cash-secured call spread strategy to manage risk.

WisdomTree Target Range Fund (NASDAQ:GTR - )'s share price was down 0.3% on Wednesday . The stock traded as low as $25.83 and last traded at $25.83. Approximately 2,709 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 11,801 shares. The stock had previously closed at $25.90.

WisdomTree Target Range Fund Stock Performance

The stock has a market cap of $60.18 million, a PE ratio of 20.13 and a beta of 0.50. The company has a 50 day moving average of $25.21 and a two-hundred day moving average of $24.16.

Institutional Investors Weigh In On WisdomTree Target Range Fund

An institutional investor recently raised its position in WisdomTree Target Range Fund stock. Valmark Advisers Inc. lifted its stake in shares of WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,183,141 shares of the company's stock after purchasing an additional 51,590 shares during the period. WisdomTree Target Range Fund accounts for about 0.7% of Valmark Advisers Inc.'s portfolio, making the stock its 28th largest holding. Valmark Advisers Inc. owned approximately 93.70% of WisdomTree Target Range Fund worth $53,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

WisdomTree Target Range Fund Company Profile

The WisdomTree Target Range Fund (GTR) is an exchange-traded fund that is based on the TOPS Global Equity Target Range index. The fund is an actively managed fund-of-funds that provides exposure to stocks from around the world while managing risk through a cash-secured call spread strategy. GTR was launched on Oct 7, 2021 and is managed by WisdomTree.

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