5.0189 +0.04 (0.78%)
After hours: 4:11PM EST
|Bid||4.7500 x 3000|
|Ask||4.9900 x 2900|
|Day's Range||4.9650 - 5.1450|
|52 Week Range||4.5500 - 8.0400|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||262.11|
|Earnings Date||Jan 30, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||0.12 (2.34%)|
|1y Target Est||5.72|
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") (WETF), 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. (CIX.TO) – an independent Canadian company offering global asset management and wealth management advisory services.
Flows are pouring into factor-based products from both retail and institutional investors. Global assets in factor funds have more than doubled in five years from $565bn to $1.2tn today, according to Morningstar. Flows in the sector have also shifted from single factor to multifactor funds on the premise they enable investors to access several different factors at once, which supposedly yields better results, reduces risk and smooths the ride for investors.
$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. 22, 2019 -- WisdomTree (NASDAQ:WETF) today announced that WisdomTree declared distributions for the following WisdomTree ETFs. Rates are listed below: TickerFund.
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 email@example.com;Annie Massa in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Alan Mirabella at email@example.com, ;Pierre Paulden at firstname.lastname@example.org, 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.
NEW YORK, Sept. 19, 2019 -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today.
NEW YORK, Sept. 16, 2019 -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today.
NEW YORK, Sept. 11, 2019 -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today.
WisdomTree (WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced the launch of an ETF that provides unique exposure to rapidly growing cloud computing companies, which leverage a distributed network of servers over the internet. The WisdomTree Cloud Computing Fund (WCLD), listed today on the NASDAQ, seeks to track the price and yield performance, before fees and expenses, of the BVP Nasdaq Emerging Cloud Index (EMCLOUD), and has an expense ratio of 0.45%.
$2.5 million net income, or $7.8 million net income, as adjusted $0.01 diluted EPS for the quarter, $0.05 as adjusted Declares $0.03 quarterly dividend NEW YORK, July 26,.