WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Trading Down 3.4% – What’s Next?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) traded down 3.4% during trading on Friday . The company traded as low as $37.08 and last traded at $37.32. 5,995 shares changed hands during trading, a decline of 93% from the average daily volume of 81,598 shares. The stock had previously closed at $38.63.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The company’s fifty day simple moving average is $39.31 and its two-hundred day simple moving average is $39.79. The company has a market capitalization of $480.68 million, a price-to-earnings ratio of 15.81 and a beta of 0.41.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at approximately $33,000. Ankerstar Wealth LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter worth approximately $60,000. Wells Fargo & Company MN grew its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 168.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,871 shares of the company’s stock worth $115,000 after acquiring an additional 1,800 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter valued at approximately $134,000. Finally, Summit Investment Advisory Services LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter valued at approximately $202,000.

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.