WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 0.8%

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price was up 0.8% during mid-day trading on Wednesday . The company traded as high as $31.59 and last traded at $30.95. Approximately 104,379 shares were traded during trading, a decline of 65% from the average daily volume of 296,742 shares. The stock had previously closed at $30.69.

WisdomTree Cloud Computing Fund Price Performance

The business’s 50 day moving average price is $32.05 and its 200-day moving average price is $33.65. The firm has a market capitalization of $532.40 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WCLD. Summit Trail Advisors LLC acquired a new position in shares of WisdomTree Cloud Computing Fund during the first quarter worth about $14,271,000. Raymond James & Associates increased its stake in shares of WisdomTree Cloud Computing Fund by 594.0% during the first quarter. Raymond James & Associates now owns 133,843 shares of the company’s stock worth $4,660,000 after acquiring an additional 114,558 shares during the period. StoneCrest Wealth Management Inc. acquired a new position in shares of WisdomTree Cloud Computing Fund during the fourth quarter worth about $3,080,000. LPL Financial LLC increased its stake in shares of WisdomTree Cloud Computing Fund by 21.6% during the third quarter. LPL Financial LLC now owns 226,292 shares of the company’s stock worth $6,705,000 after acquiring an additional 40,227 shares during the period. Finally, CreativeOne Wealth LLC purchased a new stake in WisdomTree Cloud Computing Fund during the first quarter worth about $1,335,000.

WisdomTree Cloud Computing Fund Company Profile

The WisdomTree Cloud Computing Fund (WCLD) is an exchange-traded fund that is based on the BVP Nasdaq Emerging Cloud index. The fund tracks and index of US companies primarily focused on cloud software and services. Stocks are equal weighted in the index. WCLD was launched on Sep 6, 2019 and is managed by WisdomTree.