WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 0.7% - What's Next?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report)'s share price rose 0.7% on Friday . The company traded as high as $36.10 and last traded at $36.04. Approximately 97,737 shares changed hands during mid-day 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 Stock Up 0.7%

The business's 50-day simple moving average is $35.83 and its two-hundred day simple moving average is $35.58. The firm has a market cap of $370.13 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GTS Securities LLC raised its position in shares of WisdomTree Cloud Computing Fund by 33.6% in the fourth quarter. GTS Securities LLC now owns 9,164 shares of the company's stock worth $344,000 after acquiring an additional 2,306 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of WisdomTree Cloud Computing Fund during the fourth quarter worth about $120,000. Armis Advisers LLC purchased a new stake in shares of WisdomTree Cloud Computing Fund during the fourth quarter worth about $544,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of WisdomTree Cloud Computing Fund during the fourth quarter worth about $1,448,000. Finally, Marshall Wace LLP purchased a new stake in shares of WisdomTree Cloud Computing Fund during the fourth quarter worth about $786,000.

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.

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