WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Shares Up 1.8% - Still a Buy?

Key Points

• WCBR shares rose 1.8% to trade as high as $27.40 and last at $27.16, with volume of 24,788 shares (down ~53% from the average); market cap about $80.7M, P/E 36.7, and 50-/200-day moving averages of $25.35/$27.49.
• Multiple institutional investors increased their stakes in Q3, notably Procyon Advisors (+8.6% to 98,239 shares), Bank of America (+47.8% to 75,333 shares), Citadel (+64.6% to 16,718 shares), Creative Financial Designs (+110.7% to 14,203 shares), and Envestnet (+14.4% to 15,489 shares).
• The WisdomTree Cybersecurity Fund is an ETF launched on Jan 28, 2021 that tracks the WisdomTree Team8 Cybersecurity index of developed-market cybersecurity and security-technology companies.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - ) shares shot up 1.8% on Monday . The stock traded as high as $27.40 and last traded at $27.16. 24,788 shares changed hands during trading, a decline of 53% from the average session volume of 52,928 shares. The stock had previously closed at $26.68.

WisdomTree Cybersecurity Fund Stock Up 1.8%

The stock has a market cap of $80.67 million, a P/E ratio of 36.72 and a beta of 0.89. The firm's 50-day moving average is $25.35 and its two-hundred day moving average is $27.49.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Procyon Advisors LLC raised its position in WisdomTree Cybersecurity Fund by 8.6% during the third quarter. Procyon Advisors LLC now owns 98,239 shares of the company's stock valued at $3,083,000 after acquiring an additional 7,802 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in WisdomTree Cybersecurity Fund by 110.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 14,203 shares of the company's stock valued at $446,000 after acquiring an additional 7,461 shares in the last quarter. Bank of America Corp DE raised its position in WisdomTree Cybersecurity Fund by 47.8% during the third quarter. Bank of America Corp DE now owns 75,333 shares of the company's stock valued at $2,364,000 after acquiring an additional 24,371 shares in the last quarter. Citadel Advisors LLC raised its position in WisdomTree Cybersecurity Fund by 64.6% during the third quarter. Citadel Advisors LLC now owns 16,718 shares of the company's stock valued at $525,000 after acquiring an additional 6,560 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in WisdomTree Cybersecurity Fund by 14.4% during the third quarter. Envestnet Asset Management Inc. now owns 15,489 shares of the company's stock valued at $486,000 after acquiring an additional 1,950 shares in the last quarter.

WisdomTree Cybersecurity Fund Company Profile

The WisdomTree Cybersecurity Fund (WCBR) is an exchange-traded fund that is based on the WisdomTree Team8 Cybersecurity index. The fund tracks an index of developed market companies primarily involved in cybersecurity and security-oriented technology. WCBR was launched on Jan 28, 2021 and is managed by WisdomTree.

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