WisdomTree India Earnings Fund (NYSEARCA:EPI) Sets New 1-Year Low – What’s Next?

WisdomTree India Earnings Fund (NYSEARCA:EPI) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $42.05 and last traded at $42.15, with a volume of 93964 shares traded. The stock had previously closed at $42.79.

WisdomTree India Earnings Fund Price Performance

The stock has a market capitalization of $2.80 billion, a P/E ratio of 16.06 and a beta of 0.57. The firm has a 50-day simple moving average of $44.75 and a 200 day simple moving average of $47.17.

Institutional Investors Weigh In On WisdomTree India Earnings Fund

A number of institutional investors have recently added to or reduced their stakes in EPI. Meitav Investment House Ltd. grew its position in shares of WisdomTree India Earnings Fund by 19.3% in the 4th quarter. Meitav Investment House Ltd. now owns 3,377,656 shares of the exchange traded fund’s stock valued at $152,848,000 after buying an additional 545,837 shares during the last quarter. Jane Street Group LLC boosted its holdings in WisdomTree India Earnings Fund by 294.4% in the fourth quarter. Jane Street Group LLC now owns 2,963,136 shares of the exchange traded fund’s stock valued at $134,141,000 after acquiring an additional 2,211,922 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in WisdomTree India Earnings Fund by 337.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,567,649 shares of the exchange traded fund’s stock valued at $116,228,000 after purchasing an additional 1,980,500 shares during the period. LPL Financial LLC raised its holdings in WisdomTree India Earnings Fund by 23.0% during the 3rd quarter. LPL Financial LLC now owns 1,906,209 shares of the exchange traded fund’s stock worth $96,187,000 after purchasing an additional 356,706 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of WisdomTree India Earnings Fund in the 3rd quarter worth approximately $63,429,000.

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.