WisdomTree India Earnings Fund (NYSEARCA:EPI) Sees Strong Trading Volume – Still a Buy?

WisdomTree India Earnings Fund (NYSEARCA:EPI) saw unusually-strong trading volume on Friday . Approximately 1,959,819 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 919,065 shares.The stock last traded at $43.94 and had previously closed at $45.01.

WisdomTree India Earnings Fund Trading Down 2.4 %

The business’s 50 day simple moving average is $46.59 and its 200 day simple moving average is $48.20. The company has a market cap of $2.93 billion, a P/E ratio of 16.06 and a beta of 0.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of WisdomTree India Earnings Fund during the 3rd quarter valued at approximately $63,429,000. Bank of Montreal Can grew its holdings in WisdomTree India Earnings Fund by 4,336.8% during the 2nd quarter. Bank of Montreal Can now owns 944,687 shares of the exchange traded fund’s stock valued at $45,666,000 after purchasing an additional 923,395 shares during the last quarter. International Assets Investment Management LLC raised its position in WisdomTree India Earnings Fund by 37,649.0% in the 3rd quarter. International Assets Investment Management LLC now owns 615,309 shares of the exchange traded fund’s stock worth $31,048,000 after purchasing an additional 613,679 shares during the period. Money Design Co. Ltd. bought a new stake in WisdomTree India Earnings Fund in the third quarter worth about $20,107,000. Finally, LPL Financial LLC grew its stake in shares of WisdomTree India Earnings Fund by 23.0% during the third quarter. LPL Financial LLC now owns 1,906,209 shares of the exchange traded fund’s stock valued at $96,187,000 after buying an additional 356,706 shares during the last quarter.

WisdomTree India Earnings Fund Company Profile

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.