WETF Stock Forecast – Quick Win: 26.19% Return in 14 Days

WETF Stock Forecast

On October 15th, 2015, The I Know First algorithm gave a bullish signal of 1.40 for the ticker WETF (WisdomTree Investments, Inc.), which had a predictability indicator of 0.15. Outperforming the algorithm’s prediction, WETF spiked 26.19% in the following 2 weeks.

WETF Stock Forecast

WisdomTree Investments, Inc. (WETF) is an asset management company that focuses on exchange-traded funds (ETFs), they currently manage $61.7 billion (AUM). An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. ETF’s trade like normal equities on the stock exchange.
The Company has a portfolio of around six hedged equity ETFs. These ETFs provide exposure to a specified international equity market while hedging the currency exposure of that market relative to the United States dollar.
WisdomTree Investments, Inc. reported net income of $23.3 million for the third quarter of 2015 or $0.17 per share on a fully diluted basis.  This compares to $10.6 million in the third quarter of 2014 and $24.2 million for the second quarter of 2015.
At the end of the third quarter the CEO, Jonathan Steinberg released the following statement. “In reflection of our growing financial resources, we are pleased to further enhance our capital management program through the addition of a $0.25 special dividend”.
The statement above indicates that whomever owns “preferred shares” of WisdomTree Investments, Inc. will now be entitled to a dividend increase.
Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research :
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