WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sets New 52-Week High - Here's What Happened

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 - )'s stock price hit a new 52-week high during mid-day trading on Monday . The company 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 Price Performance

The stock has a 50 day moving average price of $38.32 and a 200-day moving average price of $35.06. The stock has a market capitalization of $528.90 million, a P/E ratio of 15.81 and a beta of 0.57.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

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

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

Several large investors have recently modified their holdings of the business. Corient Private Wealth LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter worth about $293,000. Bank of America Corp DE grew its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the second quarter. Bank of America Corp DE now owns 13,779 shares of the company's stock worth $474,000 after purchasing an additional 613 shares during the last quarter. Activest Wealth Management bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter worth about $63,000. NewEdge Advisors LLC grew its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.2% in the first 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 last quarter. Finally, Royal Bank of Canada grew its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 344.8% in the first quarter. Royal Bank of Canada now owns 49,052 shares of the company's stock worth $1,670,000 after purchasing an additional 38,024 shares during the last quarter.

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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