WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Large Volume Increase – Should You Buy?

Shares of WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw strong trading volume on Thursday . 49,819 shares changed hands during trading, an increase of 135% from the previous session’s volume of 21,199 shares.The stock last traded at $42.17 and had previously closed at $42.16.

WisdomTree China ex-State-Owned Enterprises Fund Trading Up 0.7%

The company has a market capitalization of $530.88 million, a P/E ratio of 15.81 and a beta of 0.33. The business has a 50 day moving average price of $41.14 and a 200 day moving average price of $40.45.

WisdomTree China ex-State-Owned Enterprises Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were given a dividend of $0.3284 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Large investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 344.8% during the first quarter. Royal Bank of Canada now owns 49,052 shares of the company’s stock worth $1,670,000 after purchasing an additional 38,024 shares during the period. NewEdge Advisors LLC increased its stake in WisdomTree China ex-State-Owned Enterprises Fund by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company’s stock worth $722,000 after purchasing an additional 1,610 shares in the last quarter. Activest Wealth Management bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth approximately $63,000. Bank of America Corp DE lifted its stake in WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the second quarter. Bank of America Corp DE now owns 13,779 shares of the company’s stock valued at $474,000 after buying an additional 613 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $293,000.

About WisdomTree China ex-State-Owned Enterprises Fund

The WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of Chinese companies that are not state-owned, defined as government ownership of less than 20%. CXSE was launched on Sep 19, 2012 and is managed by WisdomTree.