Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is traded on the NASDAQ Global Select Market under the symbol “WETF.” As of December 31, 2021, there were 233 holders of record of shares of our common stock and we believe there were approximately 14,000 beneficial owners of our common stock.
In November 2014, we commenced a quarterly cash dividend and intend to continue to pay regular dividends to our stockholders. Any determination as to the payment of dividends, as well as the level of such dividends, will depend on, among other things, general economic and business conditions, our level of AUM, our strategic plans, our financial results and condition, limitations associated with new credit facilities or other agreements that could limit the amount of dividends we are permitted to pay, and any applicable laws.
Issuer Purchases of Equity Securities
The following table provides information with respect to purchases made by or on behalf of the Company or any “affiliated purchaser” of shares of our common stock.
There were no shares repurchased during the three months ended December 31, 2021. As of December 31, 2021, $17.7 million remained under this program for future purchases.
Total Number
of Shares
Purchased
Average Price
Paid Per Share
Total Number of
Shares Purchased
as
Part of Publicly
Announced Plans
or Programs
Approximate
Dollar Value
of Shares that
May Yet Be
Purchased
Under the
Plans or
Programs
Period
(in thousands)
October 1, 2021 to October 31, 2021
—
$
—
—
—
November 1, 2021 to November 30, 2021
—
$
—
—
—
December 1, 2021 to December 31, 2021
—
$
—
—
—
Total
—
$
—
—
$
17,685
On February 22, 2022, our board of directors approved an increase of $85.7 million to our share repurchase program and extended the term for three years through April 27, 2025.
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ITEM 6. [RESERVED]
Not applicable.
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