WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Up 1.7% – Here’s Why

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) rose 1.7% on Wednesday. The stock traded as high as $41.11 and last traded at $40.61. Approximately 460,947 shares were traded during trading, a decline of 55% from the average session volume of 1,015,395 shares. The stock had previously closed at $39.92.

WisdomTree Cloud Computing Fund Price Performance

The stock has a fifty day moving average price of $39.68 and a 200-day moving average price of $33.32. The company has a market cap of $293.24 million, a PE ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Several hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its stake in shares of WisdomTree Cloud Computing Fund by 312.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,406 shares of the company’s stock valued at $49,000 after purchasing an additional 1,065 shares in the last quarter. Royal Bank of Canada increased its position in shares of WisdomTree Cloud Computing Fund by 12.1% during the 1st quarter. Royal Bank of Canada now owns 34,599 shares of the company’s stock worth $946,000 after purchasing an additional 3,724 shares in the last quarter. Lodestar Private Asset Management LLC lifted its holdings in WisdomTree Cloud Computing Fund by 125.2% during the 1st quarter. Lodestar Private Asset Management LLC now owns 13,103 shares of the company’s stock valued at $358,000 after purchasing an additional 7,285 shares during the last quarter. Osbon Capital Management LLC bought a new position in WisdomTree Cloud Computing Fund during the 4th quarter valued at about $272,000. Finally, Capital Square LLC acquired a new position in WisdomTree Cloud Computing Fund in the second quarter valued at about $325,000.

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.