WisdomTree International Equity Fund (NYSEARCA:DWM) Stock Breaks Above 50 Day Moving Average – Here’s Why

WisdomTree International Equity Fund (NYSEARCA:DWM)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $73.81 and traded as high as $73.86. WisdomTree International Equity Fund shares last traded at $73.86, with a volume of 5,922 shares trading hands.

WisdomTree International Equity Fund Price Performance

The company has a market capitalization of $657.35 million, a price-to-earnings ratio of 16.32 and a beta of 0.68. The firm’s fifty day simple moving average is $73.81 and its 200 day simple moving average is $73.64.

Hedge Funds Weigh In On WisdomTree International Equity Fund

A number of large investors have recently made changes to their positions in the business. New World Advisors LLC increased its stake in WisdomTree International Equity Fund by 2.8% in the 3rd quarter. New World Advisors LLC now owns 6,531 shares of the company’s stock valued at $481,000 after buying an additional 179 shares during the period. OneAscent Financial Services LLC raised its holdings in WisdomTree International Equity Fund by 3.1% during the third quarter. OneAscent Financial Services LLC now owns 14,362 shares of the company’s stock valued at $1,058,000 after buying an additional 427 shares in the last quarter. Cibc World Market Inc. lifted its holdings in WisdomTree International Equity Fund by 1.1% in the 3rd quarter. Cibc World Market Inc. now owns 59,346 shares of the company’s stock worth $4,371,000 after purchasing an additional 632 shares during the last quarter. Valmark Advisers Inc. lifted its stake in shares of WisdomTree International Equity Fund by 5.4% in the third quarter. Valmark Advisers Inc. now owns 325,859 shares of the company’s stock worth $23,998,000 after buying an additional 16,757 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in WisdomTree International Equity Fund by 1.8% during the third quarter. Kestra Advisory Services LLC now owns 83,623 shares of the company’s stock valued at $6,158,000 after acquiring an additional 1,501 shares during the period. Institutional investors and hedge funds own 67.46% of the company’s stock.

WisdomTree International Equity Fund Company Profile

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.