WisdomTree International Equity Fund (NYSEARCA:DWM) Trading Up 1.7% – Time to Buy?

WisdomTree International Equity Fund (NYSEARCA:DWM)’s share price was up 1.7% during mid-day trading on Thursday . The company traded as high as $55.76 and last traded at $55.76. Approximately 17,320 shares traded hands during trading, a decline of 37% from the average daily volume of 27,328 shares. The stock had previously closed at $54.85.

WisdomTree International Equity Fund Stock Performance

The stock has a market cap of $577.11 million, a PE ratio of 11.10 and a beta of 0.75. The company’s 50-day moving average price is $56.43 and its 200 day moving average price is $55.52.

Institutional Trading of WisdomTree International Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DWM. LPL Financial LLC increased its position in WisdomTree International Equity Fund by 0.7% in the second quarter. LPL Financial LLC now owns 794,338 shares of the company’s stock worth $42,672,000 after buying an additional 5,747 shares in the last quarter. Shakespeare Wealth Management LLC grew its stake in shares of WisdomTree International Equity Fund by 3.0% during the 1st quarter. Shakespeare Wealth Management LLC now owns 438,004 shares of the company’s stock valued at $24,003,000 after acquiring an additional 12,902 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in WisdomTree International Equity Fund by 10.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 426,075 shares of the company’s stock worth $22,889,000 after acquiring an additional 41,128 shares in the last quarter. LRI Investments LLC purchased a new stake in WisdomTree International Equity Fund in the 1st quarter worth approximately $21,861,000. Finally, Valmark Advisers Inc. raised its stake in WisdomTree International Equity Fund by 46.1% during the 3rd quarter. Valmark Advisers Inc. now owns 182,325 shares of the company’s stock worth $10,494,000 after acquiring an additional 57,562 shares during the period.

About WisdomTree International Equity Fund

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.