WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Large Volume Increase - What's Next?

Key Points

• The WisdomTree China ex-State-Owned Enterprises Fund (CXSE) experienced a significant trading volume increase of 150%, with 69,882 shares traded compared to 27,902 in the previous session.
• The fund recently announced a quarterly dividend of $0.14, yielding an annualized 1.3%, despite a market performance drop from a prior close of $44.05 to $41.47.
• Several institutional investors have increased their stakes in CXSE, with notable additions from Bank of America and NewEdge Advisors, reflecting positive confidence in the fund.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) shares saw strong trading volume on Friday . 69,882 shares traded hands during mid-day trading, an increase of 150% from the previous session's volume of 27,902 shares.The stock last traded at $41.47 and had previously closed at $44.05.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The firm has a market capitalization of $518.88 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. The business has a 50 day simple moving average of $41.25 and a 200-day simple moving average of $36.28.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Thursday, September 25th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Trading of WisdomTree China ex-State-Owned Enterprises Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company's stock worth $474,000 after acquiring an additional 613 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of 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 during the period. Activest Wealth Management purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth $63,000. SBI Securities Co. Ltd. grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 12.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 17,917 shares of the company's stock worth $610,000 after purchasing an additional 1,965 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth $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.

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