WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading 2.3% Higher

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) shares shot up 2.3% during trading on Thursday . The company traded as high as $32.37 and last traded at $31.76. 227,798 shares changed hands during trading, a decline of 19% from the average session volume of 280,112 shares. The stock had previously closed at $31.06.

WisdomTree Cloud Computing Fund Trading Up 2.3 %

The company has a market cap of $467.82 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The stock has a 50-day simple moving average of $31.27 and a 200 day simple moving average of $33.17.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Several institutional investors and hedge funds have recently modified their holdings of WCLD. HBW Advisory Services LLC purchased a new position in shares of WisdomTree Cloud Computing Fund in the 2nd quarter valued at about $32,000. First PREMIER Bank increased its stake in shares of WisdomTree Cloud Computing Fund by 35.8% in the 1st quarter. First PREMIER Bank now owns 1,594 shares of the company’s stock valued at $56,000 after purchasing an additional 420 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of WisdomTree Cloud Computing Fund in the 1st quarter valued at about $58,000. Northwest Financial Advisors purchased a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at about $101,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at about $111,000.

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.