WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Up 0.7% - Time to Buy?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report)'s stock price was up 0.7% on Friday . The stock traded as high as $36.10 and last traded at $36.04. Approximately 97,737 shares were traded during trading, a decline of 42% from the average daily volume of 167,077 shares. The stock had previously closed at $35.78.

WisdomTree Cloud Computing Fund Price Performance

The company has a market cap of $370.95 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The business has a 50 day simple moving average of $35.83 and a 200 day simple moving average of $35.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Y.D. More Investments Ltd boosted its holdings in shares of WisdomTree Cloud Computing Fund by 21.5% during the first quarter. Y.D. More Investments Ltd now owns 3,951 shares of the company's stock worth $128,000 after purchasing an additional 700 shares during the period. Byrne Financial Freedom LLC boosted its holdings in shares of WisdomTree Cloud Computing Fund by 0.8% during the first quarter. Byrne Financial Freedom LLC now owns 93,609 shares of the company's stock worth $3,038,000 after purchasing an additional 729 shares during the period. Franklin Resources Inc. boosted its holdings in shares of WisdomTree Cloud Computing Fund by 3.0% during the fourth quarter. Franklin Resources Inc. now owns 25,167 shares of the company's stock worth $944,000 after purchasing an additional 730 shares during the period. Joseph P. Lucia & Associates LLC boosted its holdings in shares of WisdomTree Cloud Computing Fund by 2.8% during the first quarter. Joseph P. Lucia & Associates LLC now owns 35,860 shares of the company's stock worth $1,164,000 after purchasing an additional 979 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in shares of WisdomTree Cloud Computing Fund by 14.6% during the fourth quarter. Advisory Services Network LLC now owns 7,874 shares of the company's stock worth $295,000 after purchasing an additional 1,006 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.