Wisdomtree Investments Inc. (NASDAQ:WETF) Shares is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Wisdomtree Investments Inc. (NASDAQ:WETF) reported that Steinberg Jonathan L.  has picked up 7,365,695 of common stock as of 2017-02-07.

The acquisition brings the aggregate amount owned by Steinberg Jonathan L.  to a total of 7,365,695 representing a 5.39% stake in the company.

For those not familiar with the company, WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment. The Company distributes its ETFs through a range of channels within the asset management industry, including brokerage firms, registered investment advisers and institutional investors. The Company offers a family of approximately 86 ETFs. Its portfolio of the United States listed products includes International Hedged Equity ETFs, Equity ETFs, Fixed Income ETFs, Currency ETFs, Alternative Strategy ETFs and Commodity ETFs. Its portfolio of Non-the United States listed products include WisdomTree UCITS ETFs, and Boost Short and Leveraged ETPs.

A glance at Wisdomtree Investments Inc. (NASDAQ:WETF)’s key stats reveals a current market capitalization of 1.19 billion based on 136.48 million shares outstanding and a price at last close of $9.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-09-14, Steinberg picked up 100,000 at a purchase price of $10.23. This brings their total holding to 7,484,001 as of the date of the filing.

On the sell side, the most recent transaction saw Lavine unload 5,000 shares at a sale price of $17.37. This brings their total holding to 15,000.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Wisdomtree Investments Inc. (NASDAQ:WETF) as things move forward to see if its progress aligns with these transactions.

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