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

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price traded up 2.3% during mid-day trading on Thursday . The company traded as high as $32.37 and last traded at $31.76. 227,798 shares traded hands during mid-day 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 stock has a market capitalization of $467.82 million, a P/E ratio of -15.68 and a beta of 1.09. The company has a fifty day simple moving average of $31.27 and a two-hundred day simple moving average of $33.17.

Institutional Trading of WisdomTree Cloud Computing Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ceera Investments LLC bought a new stake in WisdomTree Cloud Computing Fund during the 4th quarter worth about $235,000. Merit Financial Group LLC bought a new stake in WisdomTree Cloud Computing Fund during the 4th quarter worth about $208,000. Northwest Financial Advisors bought a new stake in WisdomTree Cloud Computing Fund during the 4th quarter worth about $101,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of WisdomTree Cloud Computing Fund by 52.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,325 shares of the company’s stock valued at $326,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Summit Trail Advisors LLC acquired a new stake in shares of WisdomTree Cloud Computing Fund in the 1st quarter valued at approximately $14,271,000.

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.