WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Trading 0.9% Higher – Should You Buy?

Shares of WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) were up 0.9% on Tuesday . The stock traded as high as $33.1944 and last traded at $33.10. Approximately 105,356 shares traded hands during trading, an increase of 65% from the average daily volume of 63,754 shares. The stock had previously closed at $32.80.

WisdomTree PutWrite Strategy Fund Stock Up 0.9%

The stock has a fifty day moving average of $33.45 and a 200-day moving average of $33.32.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PUTW. Jane Street Group LLC purchased a new stake in WisdomTree PutWrite Strategy Fund in the first quarter valued at $800,000. CENTRAL TRUST Co boosted its stake in WisdomTree PutWrite Strategy Fund by 20.7% in the second quarter. CENTRAL TRUST Co now owns 104,939 shares of the company’s stock valued at $3,362,000 after acquiring an additional 18,027 shares in the last quarter. Compass Financial Services Inc grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 4,786.4% during the second quarter. Compass Financial Services Inc now owns 123,480 shares of the company’s stock worth $3,956,000 after purchasing an additional 120,953 shares during the last quarter. Creative Planning grew its holdings in shares of WisdomTree PutWrite Strategy Fund by 82.2% during the second quarter. Creative Planning now owns 27,098 shares of the company’s stock worth $868,000 after purchasing an additional 12,229 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of WisdomTree PutWrite Strategy Fund by 28.3% during the second quarter. Cetera Investment Advisers now owns 181,006 shares of the company’s stock worth $5,799,000 after purchasing an additional 39,911 shares in the last quarter.

About WisdomTree PutWrite Strategy Fund

The WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is an exchange-traded fund that is based on the Cboe S&P 500 PutWrite index. The fund tracks an index that consists of short SPY put options and cash collateral. The index selects put options that target a premium of 2.5% and rolls its exposure twice a month. PUTW was launched on Feb 24, 2016 and is managed by WisdomTree.