WisdomTree India Earnings Fund (NYSEARCA:EPI) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

WisdomTree India Earnings Fund (NYSEARCA:EPI)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.95 and traded as low as $40.98. WisdomTree India Earnings Fund shares last traded at $41.80, with a volume of 698,536 shares.

WisdomTree India Earnings Fund Stock Performance

The business’s 50 day moving average is $42.56 and its 200 day moving average is $43.94. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 18.68 and a beta of 0.46.

Hedge Funds Weigh In On WisdomTree India Earnings Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPI. Jones Financial Companies Lllp boosted its stake in WisdomTree India Earnings Fund by 13.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,491 shares of the exchange traded fund’s stock worth $595,000 after purchasing an additional 1,617 shares during the period. Marshall Wace LLP acquired a new stake in shares of WisdomTree India Earnings Fund during the 2nd quarter valued at $1,220,000. Raymond James Financial Inc. boosted its stake in shares of 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 buying an additional 74,696 shares during the period. Ausdal Financial Partners Inc. boosted its stake in shares of WisdomTree India Earnings Fund by 20.6% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 8,127 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 1,389 shares during the period. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of WisdomTree India Earnings Fund during the 2nd quarter valued at $176,000.

About WisdomTree India Earnings Fund

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.