WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 1% – Time to Buy?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) shares were up 1% on Thursday . The stock traded as high as $35.81 and last traded at $35.75. Approximately 109,260 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 173,021 shares. The stock had previously closed at $35.38.

WisdomTree Cloud Computing Fund Price Performance

The company has a market capitalization of $406.84 million, a P/E ratio of -15.68 and a beta of 1.09. The business’s 50-day moving average price is $34.75 and its two-hundred day moving average price is $35.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WCLD. Curi RMB Capital LLC raised its position in shares of WisdomTree Cloud Computing Fund by 40.9% during the first quarter. Curi RMB Capital LLC now owns 527,580 shares of the company’s stock worth $17,120,000 after purchasing an additional 153,268 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of WisdomTree Cloud Computing Fund by 11.4% in the first quarter. Summit Trail Advisors LLC now owns 284,912 shares of the company’s stock valued at $9,245,000 after buying an additional 29,169 shares during the period. Ieq Capital LLC increased its position in shares of WisdomTree Cloud Computing Fund by 42.1% during the first quarter. Ieq Capital LLC now owns 205,840 shares of the company’s stock worth $6,680,000 after acquiring an additional 60,949 shares in the last quarter. Clearwater Capital Advisors LLC boosted its stake in WisdomTree Cloud Computing Fund by 6.8% in the 1st quarter. Clearwater Capital Advisors LLC now owns 185,915 shares of the company’s stock worth $6,033,000 after purchasing an additional 11,817 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in WisdomTree Cloud Computing Fund by 5.4% in the 1st quarter. Raymond James Financial Inc. now owns 159,079 shares of the company’s stock worth $5,162,000 after purchasing an additional 8,133 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.