WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• The WisdomTree China ex-State-Owned Enterprises Fund (CXSE) experienced a significant increase in trading volume, rising by 225% to approximately 94,442 shares traded on a recent Friday.
• Investors received a quarterly dividend of $0.14 per share, representing an annualized dividend yield of 1.3%, although the fund has recently cut its dividend.
• Several institutional investors have recently modified their holdings, including Activest Wealth Management and Corient Private Wealth LLC, indicating growing interest in the fund.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) saw unusually-strong trading volume on Friday . Approximately 94,442 shares were traded during mid-day trading, an increase of 225% from the previous session's volume of 29,031 shares.The stock last traded at $41.67 and had previously closed at $42.12.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

The stock has a market capitalization of $520.13 million, a PE ratio of 15.81 and a beta of 0.57. The stock's 50 day simple moving average is $41.72 and its two-hundred day simple moving average is $36.54.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

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

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

A number of institutional investors have recently modified their holdings of the business. Activest Wealth Management bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth approximately $63,000. Corient Private Wealth LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter valued at $293,000. Bank of America Corp DE grew its holdings in 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. Foundations Investment Advisors LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter worth $485,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 12.3% in 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.

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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