WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Shares Down 3.4% – Here’s What Happened

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) shares traded down 3.4% on Friday . The company traded as low as $37.08 and last traded at $37.32. Approximately 5,995 shares traded hands during trading, a decline of 93% from the average daily volume of 81,598 shares. The stock had previously closed at $38.63.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The business’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $39.79. The stock has a market cap of $480.68 million, a price-to-earnings ratio of 15.81 and a beta of 0.41.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter valued at approximately $33,000. Ankerstar Wealth LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at approximately $60,000. Wells Fargo & Company MN boosted its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 168.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,871 shares of the company’s stock valued at $115,000 after buying an additional 1,800 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 1st quarter valued at approximately $134,000. Finally, Summit Investment Advisory Services LLC acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the first quarter worth approximately $202,000.

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.