WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 0.5% – Here’s Why

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price rose 0.5% during trading on Wednesday . The company traded as high as $27.76 and last traded at $27.46. Approximately 1,053,789 shares were traded during trading, a decline of 13% from the average daily volume of 1,214,224 shares. The stock had previously closed at $27.32.

WisdomTree Cloud Computing Fund Price Performance

The company has a market cap of $231.49 million, a PE ratio of -15.68 and a beta of 1.17. The business has a 50 day moving average of $28.47 and a 200 day moving average of $32.66.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of WisdomTree Cloud Computing Fund during the first quarter valued at about $424,000. CW Advisors LLC purchased a new stake in WisdomTree Cloud Computing Fund in the second quarter worth about $483,000. Marshall Wace LLP boosted its position in WisdomTree Cloud Computing Fund by 152.8% during the 2nd quarter. Marshall Wace LLP now owns 26,605 shares of the company’s stock valued at $962,000 after acquiring an additional 16,081 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in WisdomTree Cloud Computing Fund during the 2nd quarter valued at approximately $890,000. Finally, Byrne Financial Freedom LLC grew its holdings in shares of WisdomTree Cloud Computing Fund by 1.4% during the 2nd quarter. Byrne Financial Freedom LLC now owns 94,900 shares of the company’s stock worth $3,430,000 after acquiring an additional 1,291 shares during the period.

About WisdomTree Cloud Computing Fund

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.