WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 1.3% – Here’s What Happened

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) dropped 1.3% on Monday . The company traded as low as $36.42 and last traded at $37.30. Approximately 460,563 shares were traded during trading, an increase of 116% from the average daily volume of 213,545 shares. The stock had previously closed at $37.81.

WisdomTree Cloud Computing Fund Stock Down 1.3 %

The firm has a market capitalization of $452.45 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The business has a 50-day moving average of $39.10 and a two-hundred day moving average of $35.84.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Institutional investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its holdings in WisdomTree Cloud Computing Fund by 170.9% during the fourth quarter. Y.D. More Investments Ltd now owns 3,251 shares of the company’s stock valued at $122,000 after purchasing an additional 2,051 shares in the last quarter. International Assets Investment Management LLC raised its position in WisdomTree Cloud Computing Fund by 3,096.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,114 shares of the company’s stock worth $160,000 after purchasing an additional 4,954 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter valued at $214,000. Merit Financial Group LLC bought a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter valued at $219,000. Finally, Advisory Services Network LLC raised its position in shares of WisdomTree Cloud Computing Fund by 14.6% during the 4th quarter. Advisory Services Network LLC now owns 7,874 shares of the company’s stock valued at $295,000 after acquiring an additional 1,006 shares during the last quarter.

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.