WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sets New 12-Month High - What's Next?

Key Points

• The WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) reached a new 52-week high at $41.75 during recent trading, showing increased investor interest with 25,333 shares changing hands.
• The fund recently increased its quarterly dividend to $0.315 per share, up from $0.11, representing an annualized dividend yield of 3.0%.
• Institutional investors have been actively buying shares, with Jane Street Group increasing its stake by 50.1% and OLD Mission Capital boosting its stake by 552.5% in the last quarter.

Shares of WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.75 and last traded at $41.75, with a volume of 25333 shares. The stock had previously closed at $41.22.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The stock has a market capitalization of $523.37 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. The firm's fifty day simple moving average is $38.32 and its 200 day simple moving average is $35.06.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.315 per share. This is an increase from WisdomTree China ex-State-Owned Enterprises Fund's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 25th. This represents a $1.26 annualized dividend and a yield of 3.0%.

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

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 344.8% during the 1st quarter. Royal Bank of Canada now owns 49,052 shares of the company's stock worth $1,670,000 after buying an additional 38,024 shares during the period. NewEdge Advisors LLC raised its holdings 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 buying an additional 1,610 shares during the period. Bank of America Corp DE raised its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company's stock worth $474,000 after buying an additional 613 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $293,000. Finally, Activest Wealth Management acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $63,000.

WisdomTree China ex-State-Owned Enterprises Fund Company Profile

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.