WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Trading 1.1% Higher - Time to Buy?

Key Points

• WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) shares increased by 1.1% during trading, closing at $42.21 and experiencing a trading volume of 98,018 shares, significantly higher than its average.
• The fund recently cut its quarterly dividend to $0.14, representing an annualized dividend yield of 1.3%, with the dividend paid on September 29th.
• Institutional investors have actively adjusted their positions in CXSE, with notable increases including a 344.8% rise in holdings by Royal Bank of Canada during the first quarter.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) shares shot up 1.1% during trading on Monday . The company traded as high as $42.26 and last traded at $42.21. 98,018 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 29,573 shares. The stock had previously closed at $41.76.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The stock's 50-day moving average is $41.90 and its 200 day moving average is $36.70. The firm has a market cap of $527.63 million, a P/E ratio of 15.81 and a beta of 0.57.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

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

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

A number of large investors have recently made changes to their positions in CXSE. Corient Private Wealth LLC bought a new position in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth about $293,000. Bank of America Corp DE increased 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 purchasing an additional 613 shares in the last quarter. Activest Wealth Management bought a new position in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth about $63,000. NewEdge Advisors LLC grew 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 in the last quarter. Finally, Royal Bank of Canada increased its position in shares of 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 purchasing an additional 38,024 shares during 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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