4.2500 +0.03 (0.71%)
After hours: 4:42PM EST
|Bid||4.0700 x 900|
|Ask||4.2700 x 900|
|Day's Range||4.2200 - 4.4100|
|52 Week Range||4.1100 - 8.0400|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||222.11|
|Earnings Date||Jan. 30, 2020|
|Forward Dividend & Yield||0.12 (2.77%)|
|Ex-Dividend Date||Nov. 03, 2019|
|1y Target Est||5.36|
NEW YORK, Jan. 21, 2020 -- WisdomTree (NASDAQ:WETF) today announced that WisdomTree declared distributions for the following WisdomTree ETFs. Rates are listed below: TickerFund.
WisdomTree Investments, Inc. (WETF) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
NEW YORK, Jan. 15, 2020 -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, announced.
(Bloomberg) -- Welcome to the big time, bond ETFs.Long overlooked as the younger sibling of equity exchange-traded funds, strategies focused on corporate or government debt took in more than $150 billion in the U.S. last year, the most on record and just shy of the sum netted by their stock counterparts. It was the biggest annual leap for bond ETFs since 2014, boosting assets to more than $800 billion, data compiled by Bloomberg Intelligence show.While the fixed-income world is inherently conservative, the ease and low cost of ETFs is rapidly wooing converts. Worries that stocks have reached their peak, continued uncertainty over the direction of U.S. interest rates and rampant geopolitical risks have bolstered demand -- especially as traders find more and more innovative ways to strategically use these products.“Investors are seeing the efficiencies that can be found using the ETF vehicle,” said Kevin Flanagan, head of fixed-income strategy at WisdomTree Investments Inc. In finance, “typically you see equity folks take the lead and bond guys follow, and that’s continued.”Liquidity concerns that have plagued the sector since its inception seem to be fading. While anxiety about a potential mismatch between the liquidity of a fund and its underlying securities hasn’t disappeared, bond ETFs seem to be inspiring more confidence as time goes on and they endure market fluctuations.Fixed-income funds currently make up about 20% of the $4.4 trillion U.S. ETF market, but a BlackRock Inc. report from June suggests assets could explode to more than $2 trillion globally over the next few years.In Europe, bond ETFs attracted more money than stock funds for the first time in three years in 2019, data compiled by Bloomberg Intelligence show. Flows into debt ETFs almost doubled in Australia, and Taiwan’s ETF market surged thanks to interest from life insurers.“There’s a huge wave of wealth retiring, and bonds are traditionally the safe-haven asset that preserves wealth,” said Will McGough, chief investment officer of retirement strategies at Stadion Money Management.Overbought StocksBy contrast, even with the S&P 500 Index continuing to beat records, many are wondering how long the bull market in U.S. equities -- now entering its 11th year -- can last.Technical indicators suggest stocks have been overbought for much of the past three weeks, while an RBC Capital Markets survey of institutional investors in December found the fewest people describing themselves as “bearish” since the third quarter of 2018, just before the S&P’s 19.8% rout.In addition, the onslaught of diverging headlines about U.S. and China trade talks and Brexit negotiations have given investors whiplash, while growing tensions with Iran may reignite a search for havens. Throw in mixed economic data from countries around the world and it’s little wonder that bonds remain attractive to many.“There’s increasingly concerns we’re in late cycle,” said David Perlman, ETF strategist at UBS Global Wealth Management. “If we are, fixed income can help to buffer some of the risk of equities.”Nifty UsesBut these traditional allocations could be just the tip of the iceberg. Adding to the popularity of fixed-income ETFs is a spurt of creativity in how they can be used.Banks are employing bond ETFs to facilitate portfolio trades that allow investors to seamlessly move large numbers of bonds on and off their balance sheets. Other users are relying on fixed-income ETFs as a hedge, to earn returns on money they’re waiting to allocate elsewhere, or as a tool to adjust their portfolios.It helps that the fee-compression wave sweeping the ETF industry has made fixed-income strategies cheaper than ever. For instance, BlackRock, State Street Corp. and Deutsche Bank AG’s DWS Group all slashed the costs of their high-yield debt funds in 2019. That trend is likely to spread in 2020, further bolstering ETF demand.“Transaction costs in fixed-income bonds can be sizable, but in ETFs, they’re relatively low,” said Matt Bartolini, managing director at State Street Global Advisors. “As we continue to have these risk events and the structures continue to be tested, that’s just going to lead to more people becoming more comfortable with the structure.”To contact the reporter on this story: Claire Ballentine in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Rachel Evans, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
WisdomTree Investments, Inc. (WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced its strategic investment in Securrency, Inc., a leading developer of institutional-grade blockchain-based financial and regulatory technology. Through this investment and its collaboration with Securrency, WisdomTree plans to pursue the integration of blockchain technology into the ETF ecosystem to bring the benefits of ETFs to a broader range of investors and improve the investor experience.
Nashville, Tennessee--(Newsfile Corp. - December 18, 2019) - New Constructs, the leading provider of insights into the fundamentals and valuation of private and public businesses, today announced that market-leading ETF manager WisdomTree is now using New Constructs' proprietary core earnings data to rebalance and weight constituents in WisdomTree's Domestic Core Indexes, which are tracked by WisdomTree ETFs and have a combined $2.5 billion in assets.Figure 1: New Constructs logoTo view an enhanced version ...
NEW YORK, Dec. 10, 2019 -- WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced plans to.
NEW YORK, Dec. 09, 2019 -- WisdomTree (Nasdaq: WETF) today announced that WisdomTree declared final year-end capital gains distributions for the following WisdomTree ETFs..
WisdomTree (WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced the launch of the WisdomTree Mortgage Plus Bond Fund (MTGP) on the NYSE Arca. MTGP is an actively managed ETF that primarily invests in agency residential and commercial mortgage-backed securities (“Agency RMBS” and “Agency CMBS,” respectively), while having the flexibility to diversify into other sectors of the securitized debt market. The Fund is sub-advised by Voya Investment Management Co., LLC (“Voya IM”), a well-respected investment manager in securitized debt managing over $31 billion and has an expense ratio of 0.45%.
WisdomTree's (WETF) divestiture of its Canadian subsidiary to CI Financial reflects the bank's streamlining activities in the Canadian market.
WisdomTree Asset Management Canada to be sold to CI Financial Corp. With the exception of the closure of WisdomTree U.S. High Dividend Index ETF, WisdomTree and CI Financial anticipate no changes to the Funds. NEW YORK, Nov. 7, 2019 /CNW/ - WisdomTree Investments, Inc. ("WisdomTree") (NASDAQ:WETF - News), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced that it has entered into a definitive agreement to sell its Canadian subsidiary, WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada"), to CI Financial Corp. (TSX:CIX.TO - News) – an independent Canadian company offering global asset management and wealth management advisory services.
Acquisition boosts CI's ETF assets to $8.9 billion TORONTO , Nov. 6, 2019 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) and WisdomTree Investments, Inc. (NASDAQ: WETF) of New York today announced ...
$4.2 million net income, or $10.6 million net income, as adjusted $0.02 diluted EPS for the quarter, $0.06 as adjusted Declares $0.03 quarterly dividend NEW YORK, Oct. 25,.
In 15 Years as Chairman of the Board Steinhardt Provided Early Support and Great Vision for the Company’s Continued Success Lead Independent Director Frank Salerno succeeds.
NEW YORK, Oct. 08, 2019 -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, announced.
(Bloomberg) -- Shares of the biggest online brokerages plummeted Tuesday after market leader Charles Schwab Corp. announced plans to eliminate commissions for U.S. stocks, exchange traded funds and options.TD Ameritrade Holding Corp. took the biggest hit, tumbling 26%, the most since 1999. E*Trade Financial Corp. dropped 16%, the most in more than a decade. Shares of Interactive Brokers Group Inc. and Schwab both slid more than 9%.The move escalates a long-simmering price war as investors gravitate toward the cheapest products, with Interactive Brokers announcing just last week that it would provide free trades. Since the middle of last year, firms including Fidelity Investments, Vanguard Group and JPMorgan Chase & Co. have eliminated fees and commissions on a range of offerings.See also: JPMorgan offers free trades in escalating fight for retail“They’ll have to follow suit,” Kyle Sanders, an analyst at Edward Jones, said of Schwab’s competitors. “It’s a commoditized business. When there’s an announcement by one firm, others play catch-up or take a more aggressive strategy.”Schwab’s online clients will qualify for zero commissions, down from $4.95 per trade, starting Oct. 7, the firm said in a statement. It will continue to charge a fee of 65 cents per contract for options trades.Double-WhammyAmeritrade is more exposed than its closest rivals because the company gets more than a third of its revenue from commissions in fees, said David Ritter, a senior analyst with Bloomberg Intelligence.“It’s a double-whammy for them,” he said. “For the biggest of the big like Schwab, they’re best able to absorb and monetize in other ways.”While the San Francisco-based company, with about $3.75 trillion of client assets, gets a majority of its revenue from net interest income, its decision to eliminate commissions comes at a perilous time because of historically low interest rates. Last month, the brokerage said it was cutting 600 jobs, or about 3% of its workforce, citing “an increasingly challenging economic environment.”Read more: Schwab to cut 600 jobs as falling rates crimp interest incomeSchwab’s move also may prompt Ameritrade and E*Trade to reconsider a merger, Ritter said.Schwab previously doubled its suite of no-commission ETFs in March, bringing its total to more than 500 at the time. BlackRock Inc. iShares products were added to its platform, Schwab ETF OneSource, with 90 funds. Several fund issuers including State Street Global Advisors, Invesco Ltd., WisdomTree Investments Inc., J.P. Morgan Asset Management and Pacific Investment Management Co. also planned to add to their commission-free offerings already on the platform.The cut to zero commissions is an inevitable industry trend that Schwab is trying to get ahead of, its Chief Financial Officer Peter Crawford said in a separate statement Tuesday.“We are seeing new firms trying to enter our market -- using zero or low equity commissions as a lever,” Crawford said. “It has seemed inevitable that commissions would head towards zero, so why wait.”Robo-AdviceThe company last cut its retail trading commissions to $4.95 from $6.95 in February 2017, matching cuts by Fidelity. Since then, assets at the firm have grown by about $800 billion from a combination of market gains and net new inflows.The brokerage can make up for lost revenue by offering advice to clients approaching retirement, said Alois Pirker, Aite Group’s research director for wealth management.“They’re looking at their client base and saying, ‘what do our clients need right now?’ They need advice and they need portfolios,” Pirker said.Schwab has a range of advice offerings, from a free basic robo-advice platform to dedicated financial advisers, whose fees can start at 0.8% of assets per year.For Schwab, offering free trades is the ultimate extension of its roots in the 1970s as a discount broker.“Eliminating commissions ensures my ultimate vision is realized -- making investing accessible to all,” Schwab’s billionaire founder and Chairman Charles Schwab said in the statement.(Updates share prices in second paragraph.)\--With assistance from Emma Vickers, Ben Steverman and Peter Eichenbaum.To contact the reporters on this story: John Gittelsohn in Los Angeles at firstname.lastname@example.org;Annie Massa in New York at email@example.comTo contact the editors responsible for this story: Alan Mirabella at firstname.lastname@example.org, ;Pierre Paulden at email@example.com, Vincent Bielski, Melissa KarshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK, Sept. 20, 2019 -- WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced plans to.