WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Stock Price Down 2.3% – Should You Sell?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) traded down 2.3% on Friday . The stock traded as low as $37.29 and last traded at $37.35. Approximately 31,796 shares changed hands during trading, a decline of 81% from the average daily volume of 166,428 shares. The stock had previously closed at $38.24.

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 2.3%

The firm has a market capitalization of $425.04 million, a price-to-earnings ratio of 15.81 and a beta of 0.33. The firm has a fifty day moving average price of $40.39 and a 200 day moving average price of $41.41.

WisdomTree China ex-State-Owned Enterprises Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 26th were given a dividend of $0.3284 per share. The ex-dividend date was Friday, December 26th. This represents a $1.31 annualized dividend and a yield of 3.5%.

Institutional Investors Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter worth about $33,000. Ankerstar Wealth LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at approximately $60,000. Wells Fargo & Company MN increased its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 168.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,871 shares of the company’s stock valued at $115,000 after purchasing an additional 1,800 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the third quarter valued at approximately $209,000. Finally, Granville Capital Inc. bought a new position in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter worth approximately $253,000.

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.