WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sets New 12-Month High - Still a Buy?

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.

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

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The company has a 50-day moving average of $37.70 and a 200-day moving average of $34.83. The firm has a market capitalization of $513.53 million, a price-to-earnings ratio of 15.81 and a beta of 0.57.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 25th were given a $0.315 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $1.26 annualized dividend and a dividend yield of 3.0%. This is a boost from WisdomTree China ex-State-Owned Enterprises Fund's previous quarterly dividend of $0.11.

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

Several institutional investors have recently bought and sold shares of CXSE. Jane Street Group LLC lifted its stake in WisdomTree China ex-State-Owned Enterprises Fund by 50.1% in the 4th quarter. Jane Street Group LLC now owns 100,911 shares of the company's stock valued at $3,015,000 after acquiring an additional 33,668 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at approximately $1,092,000. SBI Securities Co. Ltd. lifted its stake in 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 valued at $610,000 after acquiring an additional 1,965 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter valued at approximately $485,000. Finally, OLD Mission Capital LLC lifted its stake in WisdomTree China ex-State-Owned Enterprises Fund by 552.5% in the 1st quarter. OLD Mission Capital LLC now owns 217,913 shares of the company's stock valued at $7,418,000 after acquiring an additional 184,518 shares in the last quarter.

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.

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