WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) Shares Down 0.6% – Should You Sell?

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE)’s share price dropped 0.6% on Wednesday . The stock traded as low as $37.75 and last traded at $37.78. Approximately 104,732 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 213,875 shares. The stock had previously closed at $38.02.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Trading Down 0.6%

The firm has a 50 day moving average of $38.59 and a 200-day moving average of $36.57. The company has a market cap of $2.02 billion, a P/E ratio of 17.70 and a beta of 0.67.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mengis Capital Management Inc. boosted its stake in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 1.8% during the 2nd quarter. Mengis Capital Management Inc. now owns 16,397 shares of the company’s stock worth $565,000 after purchasing an additional 290 shares during the period. Integrated Wealth Concepts LLC raised its stake in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 1.1% in the first quarter. Integrated Wealth Concepts LLC now owns 31,398 shares of the company’s stock worth $969,000 after buying an additional 344 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 1.8% during the 2nd quarter. NBC Securities Inc. now owns 28,172 shares of the company’s stock worth $971,000 after purchasing an additional 489 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 139,462 shares of the company’s stock valued at $5,291,000 after buying an additional 572 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 7.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 9,447 shares of the company’s stock worth $358,000 after purchasing an additional 690 shares during the last quarter.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Company Profile

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of emerging market companies, excluding state-owned enterprises. XSOE was launched on Dec 10, 2014 and is managed by WisdomTree.