WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Stock Price Up 1.5% – Still a Buy?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE)’s share price shot up 1.5% on Friday . The stock traded as high as $39.48 and last traded at $39.43. Approximately 9,419 shares changed hands during trading, a decline of 88% from the average daily volume of 77,679 shares. The stock had previously closed at $38.86.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 1.5%

The company’s fifty day simple moving average is $38.66 and its two-hundred day simple moving average is $39.45. The company has a market capitalization of $507.86 million, a price-to-earnings ratio of 15.81 and a beta of 0.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 27.1% in the fourth quarter. Royal Bank of Canada now owns 82,562 shares of the company’s stock worth $3,312,000 after acquiring an additional 17,616 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter valued at about $2,069,000. Susquehanna International Group LLP grew its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 92.0% in the 3rd quarter. Susquehanna International Group LLP now owns 48,228 shares of the company’s stock valued at $2,150,000 after purchasing an additional 23,114 shares during the period. SOL Capital Management CO grew its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 1.9% in the 4th quarter. SOL Capital Management CO now owns 41,672 shares of the company’s stock valued at $1,671,000 after purchasing an additional 760 shares during the period. Finally, NewEdge Advisors LLC increased its stake in WisdomTree China ex-State-Owned Enterprises Fund by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company’s stock worth $722,000 after purchasing an additional 1,610 shares in the last quarter.

About WisdomTree China ex-State-Owned Enterprises Fund

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.