WisdomTree India Earnings Fund (NYSEARCA:EPI) Share Price Passes Above 50 Day Moving Average – Here’s Why

WisdomTree India Earnings Fund (NYSEARCA:EPI) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $45.98 and traded as high as $46.55. WisdomTree India Earnings Fund shares last traded at $46.35, with a volume of 507,073 shares traded.

WisdomTree India Earnings Fund Stock Performance

The stock has a market capitalization of $2.76 billion, a P/E ratio of 18.68 and a beta of 0.49. The stock has a 50-day moving average price of $45.98 and a two-hundred day moving average price of $45.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EPI. Meitav Investment House Ltd. boosted its stake in shares of WisdomTree India Earnings Fund by 1.4% during the 2nd quarter. Meitav Investment House Ltd. now owns 3,367,899 shares of the exchange traded fund’s stock valued at $159,919,000 after purchasing an additional 46,216 shares in the last quarter. Bank of America Corp DE lifted its holdings in WisdomTree India Earnings Fund by 8.1% in the second quarter. Bank of America Corp DE now owns 2,689,972 shares of the exchange traded fund’s stock worth $127,693,000 after buying an additional 200,526 shares during the period. Bank of Montreal Can boosted its position in WisdomTree India Earnings Fund by 54.8% during the 2nd quarter. Bank of Montreal Can now owns 1,203,951 shares of the exchange traded fund’s stock valued at $57,152,000 after acquiring an additional 426,310 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its holdings in shares of WisdomTree India Earnings Fund by 0.8% during the 2nd quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 987,040 shares of the exchange traded fund’s stock worth $46,883,000 after acquiring an additional 8,075 shares during the period. Finally, Money Design Co. Ltd. raised its position in shares of WisdomTree India Earnings Fund by 7.4% in the 2nd quarter. Money Design Co. Ltd. now owns 753,862 shares of the exchange traded fund’s stock worth $35,786,000 after acquiring an additional 51,997 shares in the last quarter.

WisdomTree India Earnings Fund Company Profile

WisdomTree India Earnings Fund (The Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index. The Index measures the performance of profitable companies incorporated and traded in India that are eligible to be purchased by foreign investors and that meet specific criteria developed by WisdomTree Investments.