WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 1.2% – Still a Buy?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s stock price rose 1.2% during trading on Wednesday . The company traded as high as $28.36 and last traded at $28.19. Approximately 637,938 shares were traded during trading, a decline of 46% from the average daily volume of 1,184,579 shares. The stock had previously closed at $27.85.

WisdomTree Cloud Computing Fund Price Performance

The stock’s 50-day moving average is $27.52 and its 200 day moving average is $31.67. The company has a market cap of $231.96 million, a PE ratio of -15.68 and a beta of 1.13.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of WCLD. Bank of America Corp DE lifted its position in WisdomTree Cloud Computing Fund by 81.6% during the third quarter. Bank of America Corp DE now owns 66,091 shares of the company’s stock valued at $2,324,000 after acquiring an additional 29,694 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in WisdomTree Cloud Computing Fund during the fourth quarter valued at approximately $915,000. Arax Advisory Partners purchased a new stake in WisdomTree Cloud Computing Fund during the fourth quarter valued at approximately $614,000. Marshall Wace LLP lifted its position in WisdomTree Cloud Computing Fund by 152.8% during the second 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 during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in WisdomTree Cloud Computing Fund by 165.0% during the third quarter. Tower Research Capital LLC TRC now owns 22,007 shares of the company’s stock valued at $774,000 after acquiring an additional 13,701 shares during the last quarter.

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.