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WisdomTree, Inc. - WT STOCK NEWS

Welcome to our dedicated page for WisdomTree news (Ticker: WT), a resource for investors and traders seeking the latest updates and insights on WisdomTree stock.

WisdomTree, Inc. (symbol: WT) is a leading financial services company dedicated to offering a diverse range of exchange-traded products (ETPs) since its inception in June 2006. As the tenth largest ETP sponsor globally, WisdomTree has an impressive suite of domestic, international, and global equities, fixed income, currencies, commodities, and alternative strategies. The company is renowned for pioneering fundamentally weighted ETFs and active ETFs, making it an industry leader in these categories based on assets under management.

What sets WisdomTree apart is its exclusive focus on the ETP industry, and it's the only publicly traded asset manager with this specialization, listed on the NASDAQ Global Market under the ticker: WT.

In addition to its traditional financial products, WisdomTree is at the forefront of financial innovation. The company is actively developing next-generation digital products and structures, including digital funds and tokenized assets. One of their notable digital solutions is the blockchain-native digital wallet, WisdomTree Prime.

WisdomTree's commitment to innovation is matched by its dedication to investor education and transparency. Investors are encouraged to carefully consider the investment objectives, risks, charges, and expenses associated with their funds. Comprehensive prospectuses and other critical information are readily accessible through their website or by calling their investor hotline.

For the latest updates and relevant information about WisdomTree’s performance, events, and developments, investors can follow the company’s news and updates on their official social media channels.

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WisdomTree has priced its offering of $130 million in convertible senior notes due 2028 to qualified institutional buyers. The initial purchaser may also buy an additional $20 million in notes. The offering is expected to generate approximately $126.4 million in net proceeds, which will primarily be used to repurchase existing 2023 convertible notes worth $115 million. The notes feature a 5.75% interest rate, convertible at an initial price of $9.54 per share, and have specific conditions for conversion prior to their maturity on August 15, 2028.

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WisdomTree, Inc. (NYSE: WT) announced its intention to offer $130 million in convertible senior notes due 2028 to qualified institutional buyers. The company may allow the initial purchaser to buy an additional $20 million in notes. Proceeds will partially finance the repurchase of up to $115 million of existing 4.25% convertible senior notes due 2023, with the remainder allocated for working capital. The notes will have specific conversion options and are redeemable after August 20, 2025. Transactions related to the notes may influence WisdomTree's common stock price, which has approximately $88.1 billion in assets under management globally.

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WisdomTree (NYSE: WT) reported robust financial metrics for January 2023, showcasing nearly $1.7 billion in net inflows, representing a 24% annualized organic growth. This positions the company for a tenth consecutive quarter of net inflows. The firm also achieved a record AUM exceeding $87 billion, approximately 6% higher than the previous month. Inflows into Commodity & Currency products exceeded $1.1 billion, adding momentum from $800 million in Q4. Although some equity classes experienced outflows, the overall net flows totaled $1,683 million.

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WisdomTree (NYSE: WT) and Voya Investment Management (NYSE: VOYA) launched the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) on NASDAQ. The fund aims to track the Bloomberg US Universal Enhanced Yield Index and has an expense ratio of 15 basis points. UNIY will provide investors exposure to the US dollar-denominated debt market while enhancing yield. This collaboration strengthens the long-term relationship between WisdomTree and Voya. UNIY offers potential investment opportunities by broadening sectors, exposing investors to various asset classes, and enhancing yield within specific risk parameters.

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WisdomTree, a global financial innovator, reported a net loss of $28.3 million for Q4 2022, with diluted loss per share of ($0.20), significantly impacted by a $35.4 million non-cash loss linked to gold payments. Despite this, the company experienced its highest net inflows since 2015, totaling $5.3 billion. Assets under management (AUM) grew to $82.0 billion, a rise of 15.7%. Operating revenues remained stable at $73.3 million, while the gross margin slightly decreased to 76.9%. WisdomTree declared a quarterly dividend of $0.03, to be paid on March 1, 2023. Outlook remains optimistic with momentum continuing into 2023.

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WisdomTree, Inc. (NYSE: WT) announced the launch of Say, a stockholder Q&A platform, ahead of its Q4 2022 earnings call scheduled for February 3, 2023. This initiative aims to enhance transparency and engagement, allowing verified stockholders to submit questions to management via Say Connect starting February 2, 2023. WisdomTree will address select inquiries during the earnings call webcast, promoting investor interaction. The company manages approximately $86.5 billion in assets globally, showcasing its position as a significant player in the financial services sector.

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WisdomTree, Inc. (NYSE: WT) announced its plan to release fourth quarter results on February 3, 2023, at 7:00 a.m. ET. A conference call will follow at 11:00 a.m. ET to discuss the earnings. The company has approximately $85.9 billion in assets under management globally, indicating its significant presence in the financial sector. Investors can access earnings materials and the webcast through WisdomTree's investor relations website. This announcement underscores WisdomTree's ongoing commitment to transparency and investor engagement as it continues to innovate within the financial landscape.

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WisdomTree, Inc. (NYSE: WT) reported strong financial metrics for 2022, with $12 billion in net inflows and record assets under management (AUM) near $82 billion. The company celebrated nine consecutive quarters of net inflows, including over $5 billion in Q4, its best since 2015. In 2022, U.S. Equity products alone generated $3.3 billion of net inflows, reflecting a 14% organic growth rate. Additionally, WisdomTree has launched new blockchain-enabled funds, enhancing its digital finance offerings.

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Securrency has announced the appointment of Nadine Chakar as CEO effective January 9, 2023. Chakar, who has over 30 years of experience in financial services, aims to enhance the commercialization of Securrency's compliance-driven digital asset technology for institutions. Previously, she was Executive VP at State Street Digital. Her leadership is expected to accelerate growth in Securrency's blockchain-enabled financial services infrastructure. Dan Doney will shift to focus on technology and innovation as CTO, furthering the company's vision in decentralized finance.

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WisdomTree's 2022 Year-End Update

WisdomTree (NYSE: WT) reported significant progress in its strategic initiatives, highlighting a robust financial performance with over $11 billion in net inflows and a 14% annualized growth rate. The firm successfully launched 20 new ETPs and is positioning itself as a leader in digital assets, with a pipeline for 2023 including WisdomTree Prime™. The company also made substantial board changes, enhancing governance. Despite a challenging market, WisdomTree aims to continue delivering long-term value for shareholders.

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FAQ

What is the current stock price of WisdomTree (WT)?

The current stock price of WisdomTree (WT) is $10.26 as of November 1, 2024.

What is the market cap of WisdomTree (WT)?

The market cap of WisdomTree (WT) is approximately 1.5B.

What does WisdomTree, Inc. specialize in?

WisdomTree, Inc. specializes in a broad range of exchange-traded products (ETPs) including equities, fixed income, currencies, commodities, and alternative strategies.

When was WisdomTree founded?

WisdomTree launched its first exchange-traded funds (ETFs) in June 2006.

Where is WisdomTree listed?

WisdomTree is listed on the NASDAQ Global Market under the ticker symbol: WT.

What innovative products is WisdomTree developing?

WisdomTree is developing next-generation digital products like digital funds, tokenized assets, and its blockchain-native digital wallet, WisdomTree Prime.

How can investors get more information about WisdomTree's funds?

Investors can obtain a prospectus containing important information by visiting wisdomtree.com or calling 1-866-909-9473.

What makes WisdomTree unique in the asset management industry?

WisdomTree is the only publicly traded asset manager exclusively focused on the ETP industry.

What types of ETPs does WisdomTree offer?

WisdomTree offers ETPs covering domestic, international, and global equities, fixed income, currencies, commodities, and alternative strategies.

How can investors stay updated with WisdomTree news?

Investors can stay updated with WisdomTree news through their official social media channels and their website.

What is WisdomTree Prime?

WisdomTree Prime is a blockchain-native digital wallet developed by WisdomTree for managing digital funds and tokenized assets.

Who should consider investing in WisdomTree funds?

Investors who carefully consider the investment objectives, risks, charges, and expenses of WisdomTree's funds should consider investing. Detailed information is available in their prospectus.

WisdomTree, Inc.

NYSE:WT

WT Rankings

WT Stock Data

1.51B
151.86M
12.18%
88.52%
12.62%
Asset Management
Security Brokers, Dealers & Flotation Companies
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United States of America
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