WisdomTree India Earnings Fund (NYSEARCA:EPI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

WisdomTree India Earnings Fund (NYSEARCA:EPI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.55 and traded as low as $44.31. WisdomTree India Earnings Fund shares last traded at $44.43, with a volume of 604,442 shares traded.

WisdomTree India Earnings Fund Stock Up 0.6%

The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.68 and a beta of 0.49. The stock has a 50 day simple moving average of $45.78 and a 200 day simple moving average of $45.55.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. lifted its stake in WisdomTree India Earnings Fund by 1.4% in the second quarter. Meitav Investment House Ltd. now owns 3,367,899 shares of the exchange traded fund’s stock valued at $159,919,000 after buying an additional 46,216 shares during the last quarter. Bank of America Corp DE grew its position in shares of WisdomTree India Earnings Fund by 8.1% during the second quarter. Bank of America Corp DE now owns 2,689,972 shares of the exchange traded fund’s stock worth $127,693,000 after acquiring an additional 200,526 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of WisdomTree India Earnings Fund by 54.8% in the 2nd quarter. Bank of Montreal Can now owns 1,203,951 shares of the exchange traded fund’s stock worth $57,152,000 after acquiring an additional 426,310 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in WisdomTree India Earnings Fund by 0.8% in the 2nd quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 987,040 shares of the exchange traded fund’s stock worth $46,883,000 after purchasing an additional 8,075 shares during the last quarter. Finally, Money Design Co. Ltd. increased its stake in shares of WisdomTree India Earnings Fund by 7.4% in the second quarter. Money Design Co. Ltd. now owns 753,862 shares of the exchange traded fund’s stock valued at $35,786,000 after purchasing an additional 51,997 shares during the period.

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.