WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading 0.1% Higher – Here’s Why

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s stock price rose 0.1% during mid-day trading on Monday . The company traded as high as $38.63 and last traded at $38.10. Approximately 159,816 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 171,101 shares. The stock had previously closed at $38.08.

WisdomTree Cloud Computing Fund Trading Up 0.1 %

The company has a 50-day moving average price of $38.66 and a 200 day moving average price of $34.22. The stock has a market capitalization of $462.92 million, a P/E ratio of -15.68 and a beta of 1.09.

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. Northwestern Mutual Wealth Management Co. increased its holdings in shares of WisdomTree Cloud Computing Fund by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,547 shares of the company’s stock valued at $112,000 after acquiring an additional 587 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of WisdomTree Cloud Computing Fund by 3,096.3% in the third quarter. International Assets Investment Management LLC now owns 5,114 shares of the company’s stock worth $160,000 after buying an additional 4,954 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of WisdomTree Cloud Computing Fund during the fourth quarter worth $219,000. Blair William & Co. IL increased its position in shares of WisdomTree Cloud Computing Fund by 49.3% in the 2nd quarter. Blair William & Co. IL now owns 11,225 shares of the company’s stock valued at $355,000 after acquiring an additional 3,708 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in WisdomTree Cloud Computing Fund by 7.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,163 shares of the company’s stock worth $381,000 after acquiring an additional 736 shares during the last quarter.

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.