WETF - WETF STOCK NEWS

WisdomTree Investments has launched the WisdomTree U.S. Growth & Momentum Fund (WETF) on NASDAQ, aiming to track the O’Neil Growth Index™. The fund, with a 0.55% expense ratio, seeks to capture high growth while limiting volatility and drawdowns. It targets mid- and large-cap U.S. growth stocks, focusing on market leaders, using proprietary factors to optimize stock selection. While the fund offers growth exposure, it might carry higher volatility and risks associated with momentum investing. Investors are advised to consider potential principal loss.

WisdomTree Investments (NASDAQ: WETF) announced a $150 million private offering of convertible senior notes due 2026. The offering includes an option for an additional $22.5 million, potentially bringing net proceeds to approximately $167.6 million. About $30.8 million will be used for share repurchases at $6.90 per share, with remaining funds allocated for working capital and corporate purposes. The notes feature a 3.25% interest rate, a conversion price of $11.04, and holders can require buybacks under specific conditions. The offering targets qualified institutional buyers under Rule 144A.

WisdomTree Investments (NASDAQ: WETF) plans to offer $150 million in convertible senior notes due 2026. The offering, aimed at qualified institutional buyers, includes a potential additional $22.5 million. Proceeds will be used to repurchase $30 million in common stock, with the remainder allocated to corporate purposes like debt retirement and growth initiatives. The notes may be converted under specific conditions and can be redeemed at WisdomTree’s discretion starting June 20, 2023. The offering is subject to market conditions and will not be registered under the Securities Act.

WisdomTree announced a significant restatement of the net asset value (NAV) for the WisdomTree Managed Futures Strategy Fund (Ticker: WTMF) due to a calculation error. The revised NAV as of June 7, 2021, is $41.2667, down from the original NAV of $46.6578, reflecting a decrease of -$5.3911 or -11.55%. This NAV adjustment is crucial as it may influence investor confidence and trading strategies for WTMF. WisdomTree currently manages approximately $75.7 billion in assets globally.

WisdomTree Investments, Inc. (NASDAQ: WETF) has launched the WisdomTree BioRevolution Fund (WDNA) on the CBOE, aimed at tracking the WisdomTree BioRevolution Index. This ETF has an expense ratio of 0.45% and seeks to tap into investments in companies transformed by advancements in genetics and biotechnology, including sectors like healthcare, agriculture, and energy. WisdomTree collaborated with futurist Dr. Jamie Metzl to identify key sectors for investment. The fund highlights significant investment opportunities amid the biological revolution, reflecting a commitment to innovative investment strategies.

WisdomTree (NASDAQ: WETF) announced forward share splits for its U.S. Quality Shareholder Yield Fund (QSY) and Global ex-U.S. Quality Dividend Growth Fund (DNL). Effective for shareholders on record as of June 7, 2021, the 2-for-1 splits will adjust the number of outstanding shares while keeping the total investment value unchanged. Post-split trading will commence on June 10, 2021. This move aims to improve trading dynamics, lower minimum investment thresholds, and enhance liquidity for investors.

WisdomTree Investments (NASDAQ: WETF) announced the introduction of the WisdomTree +Crypto Model Portfolios, aimed at aiding financial advisors in integrating crypto assets into their client portfolios. This educational resource will be accessible through Onramp Invest and integrated with Gemini, facilitating the incorporation of digital assets. Will Peck highlighted the increasing advisor demand for crypto education. However, the press release cautioned that crypto assets involve significant risks, including extreme volatility and potential loss of investment.

WisdomTree Investments has appointed Bryan Edmiston as the new Chief Financial Officer, effective June 1, 2021. Previously the Chief Accounting Officer, Edmiston has vast experience in financial reporting and accounting policy. His appointment reflects the company’s commitment to strong financial performance and growth. Edmiston succeeds Amit Muni, who is leaving after 13 years to pursue other opportunities. WisdomTree manages approximately $74 billion in assets globally, offering a range of investment products across various strategies.