WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Trading Down 1.4% – What’s Next?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) traded down 1.4% during mid-day trading on Thursday . The company traded as low as $39.49 and last traded at $39.84. 8,282 shares were traded during mid-day trading, a decline of 92% from the average session volume of 104,416 shares. The stock had previously closed at $40.40.

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 1.4%

The firm has a market capitalization of $517.12 million, a price-to-earnings ratio of 15.81 and a beta of 0.42. The stock has a fifty day moving average of $39.39 and a 200-day moving average of $40.39.

Hedge Funds Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

A number of hedge funds have recently modified their holdings of CXSE. Royal Bank of Canada grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 344.8% in the 1st quarter. Royal Bank of Canada now owns 49,052 shares of the company’s stock worth $1,670,000 after acquiring an additional 38,024 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company’s stock worth $722,000 after acquiring an additional 1,610 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company’s stock worth $474,000 after acquiring an additional 613 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 2nd quarter worth $293,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 3rd quarter worth $209,000.

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.