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WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Up 0.1% - Here's Why

WisdomTree Cloud Computing Fund logo with Manufacturing background

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) was up 0.1% on Wednesday . The stock traded as high as $36.58 and last traded at $36.49. Approximately 46,876 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 176,690 shares. The stock had previously closed at $36.44.

WisdomTree Cloud Computing Fund Stock Performance

The stock has a market capitalization of $416.96 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The company has a fifty day simple moving average of $33.33 and a two-hundred day simple moving average of $36.34.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of WisdomTree Cloud Computing Fund by 170.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,283 shares of the company's stock valued at $536,000 after purchasing an additional 9,002 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of WisdomTree Cloud Computing Fund by 386.5% in the 4th quarter. Pinebridge Investments L.P. now owns 33,661 shares of the company's stock valued at $1,263,000 after purchasing an additional 26,742 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at $5,663,000. Curi RMB Capital LLC bought a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at $14,044,000. Finally, Advisory Services Network LLC increased its stake in shares of WisdomTree Cloud Computing Fund by 14.6% in the 4th quarter. Advisory Services Network LLC now owns 7,874 shares of the company's stock valued at $295,000 after purchasing an additional 1,006 shares during the last quarter.

About WisdomTree Cloud Computing Fund

(Get Free Report)

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.

Further Reading

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