WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Trading Up 0.4% – Here’s Why

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) shares rose 0.4% on Monday . The company traded as high as $33.80 and last traded at $33.73. Approximately 13,609 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 40,388 shares. The stock had previously closed at $33.60.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

The stock’s 50-day simple moving average is $32.65 and its two-hundred day simple moving average is $31.80. The firm has a market capitalization of $414.88 million, a P/E ratio of 16.57 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.7% in the 4th quarter. LPL Financial LLC now owns 15,659 shares of the company’s stock worth $468,000 after buying an additional 1,257 shares in the last quarter. NewEdge Advisors LLC lifted 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. JPMorgan Chase & Co. bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at about $49,000. SBI Securities Co. Ltd. grew its position in WisdomTree China ex-State-Owned Enterprises Fund by 12.3% in the first quarter. SBI Securities Co. Ltd. now owns 17,917 shares of the company’s stock worth $610,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the first quarter worth approximately $485,000.

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.