WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 0.1%

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price traded down 0.1% during mid-day trading on Monday . The stock traded as low as $32.67 and last traded at $32.78. 118,633 shares traded hands during trading, a decline of 65% from the average session volume of 338,953 shares. The stock had previously closed at $32.81.

WisdomTree Cloud Computing Fund Stock Performance

The company’s fifty day simple moving average is $34.08 and its 200-day simple moving average is $33.02. The company has a market capitalization of $581.85 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC bought a new stake in shares of WisdomTree Cloud Computing Fund in the 1st quarter valued at about $14,271,000. StoneCrest Wealth Management Inc. raised its position in shares of WisdomTree Cloud Computing Fund by 2.2% in the 1st quarter. StoneCrest Wealth Management Inc. now owns 90,072 shares of the company’s stock valued at $3,136,000 after purchasing an additional 1,942 shares during the last quarter. Raymond James & Associates raised its position in WisdomTree Cloud Computing Fund by 594.0% during the 1st quarter. Raymond James & Associates now owns 133,843 shares of the company’s stock worth $4,660,000 after buying an additional 114,558 shares during the last quarter. O ROURKE & COMPANY Inc purchased a new position in WisdomTree Cloud Computing Fund during the 1st quarter worth approximately $293,000. Finally, First PREMIER Bank raised its position in WisdomTree Cloud Computing Fund by 35.8% during the 1st quarter. First PREMIER Bank now owns 1,594 shares of the company’s stock worth $56,000 after buying an additional 420 shares during the last quarter.

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.