WisdomTree India Earnings Fund (NYSEARCA:EPI) Hits New 52-Week Low – Time to Sell?

WisdomTree India Earnings Fund (NYSEARCA:EPI)’s stock price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $39.38 and last traded at $39.3790, with a volume of 129477 shares trading hands. The stock had previously closed at $40.09.

WisdomTree India Earnings Fund Stock Down 1.6%

The business’s 50-day moving average price is $42.41 and its 200 day moving average price is $42.37. The company has a market capitalization of $1.74 billion, a P/E ratio of 18.68 and a beta of 0.48.

Institutional Investors Weigh In On WisdomTree India Earnings Fund

A number of large investors have recently added to or reduced their stakes in EPI. Meitav Investment House Ltd. lifted its holdings in shares of WisdomTree India Earnings Fund by 9.5% in the 1st quarter. Meitav Investment House Ltd. now owns 3,480,035 shares of the exchange traded fund’s stock worth $141,985,000 after buying an additional 301,826 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of WisdomTree India Earnings Fund by 33.4% during the first quarter. Catalyst Capital Advisors LLC now owns 587,752 shares of the exchange traded fund’s stock valued at $23,980,000 after buying an additional 147,183 shares during the period. Millburn Ridgefield LLC DE increased its stake in shares of WisdomTree India Earnings Fund by 33.4% during the first quarter. Millburn Ridgefield LLC DE now owns 587,752 shares of the exchange traded fund’s stock valued at $23,980,000 after buying an additional 147,183 shares during the period. Royal Bank of Canada raised its holdings in shares of WisdomTree India Earnings Fund by 65.4% in the first quarter. Royal Bank of Canada now owns 266,922 shares of the exchange traded fund’s stock valued at $10,891,000 after acquiring an additional 105,506 shares in the last quarter. Finally, Cullen Capital Management LLC bought a new stake in shares of WisdomTree India Earnings Fund in the second quarter valued at about $3,996,000.

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.