WisdomTree India Earnings Fund (NYSEARCA:EPI) Sees Strong Trading Volume – Here’s What Happened

WisdomTree India Earnings Fund (NYSEARCA:EPI) saw unusually-high trading volume on Wednesday . Approximately 1,371,718 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 923,421 shares.The stock last traded at $41.6050 and had previously closed at $42.03.

WisdomTree India Earnings Fund Price Performance

The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.68 and a beta of 0.49. The business’s 50 day simple moving average is $44.65 and its 200 day simple moving average is $45.28.

Institutional Trading of WisdomTree India Earnings Fund

A number of hedge funds have recently added to or reduced their stakes in EPI. CIBC Bancorp USA Inc. acquired a new position in shares of WisdomTree India Earnings Fund in the third quarter valued at approximately $21,701,000. JPMorgan Chase & Co. increased its stake in WisdomTree India Earnings Fund by 77.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,097,416 shares of the exchange traded fund’s stock valued at $50,799,000 after buying an additional 478,280 shares during the period. NewEdge Wealth LLC purchased a new position in WisdomTree India Earnings Fund during the 4th quarter worth $11,201,000. Bank of America Corp DE lifted its stake in shares of WisdomTree India Earnings Fund by 8.1% in the 2nd quarter. Bank of America Corp DE now owns 2,689,972 shares of the exchange traded fund’s stock worth $127,693,000 after acquiring an additional 200,526 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of WisdomTree India Earnings Fund by 195.4% in the 3rd quarter. Citigroup Inc. now owns 284,973 shares of the exchange traded fund’s stock worth $12,596,000 after acquiring an additional 188,488 shares during the period.

WisdomTree India Earnings Fund Company Profile

WisdomTree India Earnings Fund (The Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index. The Index measures the performance of profitable companies incorporated and traded in India that are eligible to be purchased by foreign investors and that meet specific criteria developed by WisdomTree Investments.