WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Hits New 52-Week High - What's Next?

Key Points

• The WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) reached a new 52-week high of $43.07 during trading, with a closing price of $42.95.
• The fund announced an increase in its quarterly dividend to $0.315, up from $0.11, representing a 2.9% dividend yield.
• Significant institutional investment activity was reported, with large stakeholders including Royal Bank of Canada increasing their holdings by over 344% during the previous quarter.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $43.07 and last traded at $42.95, with a volume of 2165 shares trading hands. The stock had previously closed at $42.55.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 0.3%

The firm has a market cap of $535.54 million, a PE ratio of 15.81 and a beta of 0.57. The company's 50 day moving average price is $39.02 and its two-hundred day moving average price is $35.31.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were paid a $0.315 dividend. The ex-dividend date was Wednesday, June 25th. This is a positive change from WisdomTree China ex-State-Owned Enterprises Fund's previous quarterly dividend of $0.11. This represents a $1.26 dividend on an annualized basis and a yield of 2.9%.

Hedge Funds Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 344.8% during the first quarter. Royal Bank of Canada now owns 49,052 shares of the company's stock valued at $1,670,000 after buying an additional 38,024 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company's stock valued at $722,000 after acquiring an additional 1,610 shares during the last quarter. Bank of America Corp DE boosted its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 4.7% during the second 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 in the last quarter. Corient Private Wealth LLC purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund during the second quarter worth approximately $293,000. Finally, Activest Wealth Management purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund during the second quarter valued at $63,000.

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.