WisdomTree India Earnings Fund (NYSEARCA:EPI) Reaches New 1-Year Low – Time to Sell?

Shares of WisdomTree India Earnings Fund (NYSEARCA:EPI) hit a new 52-week low on Wednesday . The company traded as low as $40.13 and last traded at $40.25, with a volume of 793953 shares. The stock had previously closed at $41.52.

WisdomTree India Earnings Fund Stock Performance

The business’s 50 day moving average is $44.36 and its 200 day moving average is $45.21. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.68 and a beta of 0.49.

Institutional Investors Weigh In On WisdomTree India Earnings Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of WisdomTree India Earnings Fund by 8.1% in the 2nd quarter. Bank of America Corp DE now owns 2,689,972 shares of the exchange traded fund’s stock valued at $127,693,000 after acquiring an additional 200,526 shares during the period. LPL Financial LLC lifted its position in WisdomTree India Earnings Fund by 0.8% during the 4th quarter. LPL Financial LLC now owns 1,840,160 shares of the exchange traded fund’s stock worth $85,181,000 after acquiring an additional 13,750 shares during the period. JPMorgan Chase & Co. lifted its position in WisdomTree India Earnings Fund by 77.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,097,416 shares of the exchange traded fund’s stock worth $50,799,000 after acquiring an additional 478,280 shares during the period. OLD Mission Capital LLC grew its stake in WisdomTree India Earnings Fund by 25.7% during the 4th quarter. OLD Mission Capital LLC now owns 525,859 shares of the exchange traded fund’s stock valued at $24,342,000 after purchasing an additional 107,401 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in WisdomTree India Earnings Fund by 16.9% during the 2nd quarter. Raymond James Financial Inc. now owns 517,389 shares of the exchange traded fund’s stock valued at $24,560,000 after purchasing an additional 74,696 shares during 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.