Shares of WisdomTree Investments Inc. (NASDAQ:WETF) traded today at $6.10, eclipsing its 52-week high. This new high was reached on below average trading volume as 128,000 shares traded hands, while the average 30-day volume is approximately 811,000 shares.
WisdomTree Investments is an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager. Its ETP products are constructed to track or outperform the performance of broad or specific equity, fixed income, or alternatives market segment, or a basket of a commodity or currency. ETF options include funds that track WisdomTree’s own indexes, third party indexes, or actively managed funds. WisdomTree offers its products through a number of distribution channels including brokerage firms, registered investment advisors (RIA), and institutional investors. RIAs and wirehouses provide over half of the company’s assets under management.
WisdomTree Investments Inc. (NASDAQ:WETF) defies analysts with a current price ($5.88) 2.2% above its average consensus price target of $5.75.
Over the past year, WisdomTree Investments Inc. has traded in a range of $1.87 to $6.10 and is now at $5.88, 214% above that low.
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