Welcome to our dedicated page for WETF news (Ticker: WETF), a resource for investors and traders seeking the latest updates and insights on WETF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WETF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WETF's position in the market.
WisdomTree (NASDAQ: WETF) announced a 1-for-2 reverse share split for the WisdomTree Floating Rate Treasury Fund (USFR), effective March 24, 2022. This action will reduce the number of shares outstanding while increasing the price per share, without altering the total investment value for shareholders. A new CUSIP will also be introduced on this date. Shareholders may receive cash for fractional shares, which could lead to taxable gains or losses. The decision aims to enhance marketability and institutional adoption of the fund.
WisdomTree Announces $100 Million Stock Repurchase Program
On February 23, 2022, WisdomTree Investments (NASDAQ: WETF) revealed an increase of $85.7 million to its existing stock repurchase program, allowing for a total repurchase of up to $100 million by April 27, 2025. This initiative signifies the Company’s confidence in its future, leveraging strong free cash flows to return capital to shareholders while managing expenses efficiently. Since 2014, WisdomTree has repurchased approximately 20.3 million shares for $145.7 million, including $34.5 million in 2021.
WisdomTree Investments announced the launch of the WisdomTree Battery Value Chain and Innovation Fund (WBAT) on the CBOE, aiming to track the performance of the WisdomTree Battery Value Chain and Innovation Index. With an expense ratio of 0.45%, this ETF targets companies involved in battery technologies and energy storage solutions. Jeremy Schwartz, Global Chief Investment Officer, emphasized the increasing demand for electric vehicles and associated battery technologies. WBAT complements WisdomTree's existing $541 million strategy, the WisdomTree Battery Solutions UCITS ETF (VOLT).
WisdomTree Investments (NASDAQ: WETF) reported a net income of $11.2 million for Q4 2021, with adjusted net income of $15.7 million. The company saw a 6.5% increase in assets under management (AUM) to $77.5 billion, driven by net inflows of $1.9 billion primarily in fixed income and U.S. equity products. Operating revenues rose by 1.4% to $79.2 million. However, the operating income margin decreased by 2.5 percentage points to 28.5% due to rising operational expenses. The firm declared a quarterly dividend of $0.03, payable on February 23, 2022.
WisdomTree Investments (NASDAQ: WETF) issued a statement on January 24, 2022, addressing a Schedule 13D filed with the SEC by ETFS Capital Limited. The board affirmed its commitment to shareholder engagement and value enhancement, stating that no action is required from shareholders at this time. WisdomTree, with approximately $77 billion in assets under management, continues to focus on open communication with its investors, emphasizing the importance of their feedback.
WisdomTree Investments (NASDAQ: WETF) has appointed Harold Singleton III as the latest independent director, expanding its Board to seven members, six of whom are independent. Singleton brings over 30 years of experience in investment management and financial services. The addition of Singleton follows the appointments of Susan Cosgrove and Smita Conjeevaram. WisdomTree has reported $4.9 billion in net flows for 2021 and over $500 million for 2022, with total assets under management reaching $77 billion. The Board aims to enhance shareholder value through strategic leadership and innovation.
WisdomTree Investments (NASDAQ: WETF) has launched Say, a shareholder Q&A platform, ahead of its Q4 2021 earnings call on January 28, 2022. This initiative aims to enhance transparency and engagement with shareholders by allowing verified investors to submit questions directly to management. The deadline for submitting questions is January 27, 2022, at 9:00 a.m. ET. WisdomTree manages approximately $77.3 billion in assets globally, focusing on ETFs and ETPs across various strategies.
WisdomTree (NASDAQ: WETF) has restructured two of its funds, the U.S. Dividend ex-Financials Fund (DTN) and International Dividend ex-Financials Fund (DOO), into the new AI Enhanced Value Funds: the U.S. AI Enhanced Value Fund (AIVL) and International AI Enhanced Value Fund (AIVI). These funds leverage Voya's proprietary Equity Machine Intelligence (EMI) model, incorporating machine learning and data science aims to enhance value investing. AIVL and AIVI have expense ratios of 0.38% and 0.58%, respectively, and focus on companies with strong value characteristics.
WisdomTree Investments, Inc. (NASDAQ: WETF) announced plans to release its fourth quarter results on January 28, 2022, at 7:00 a.m. ET. The results will be discussed in a conference call at 9:00 a.m. ET. WisdomTree, an ETF and ETP sponsor and asset manager, currently manages approximately $76.9 billion in assets globally.
Investors can access the call via a webcast on WisdomTree's Investor Relations website. A replay will also be available shortly after the call.
FAQ
What is the market cap of WETF (WETF)?
