WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Up 0.1% – Still a Buy?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s stock price was up 0.1% on Wednesday . The stock traded as high as $36.58 and last traded at $36.49. Approximately 46,876 shares traded hands 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 Up 0.1%

The firm has a market cap of $415.26 million, a P/E ratio of -15.68 and a beta of 1.09. The firm’s fifty day moving average is $33.17 and its two-hundred day moving average is $36.36.

Institutional Trading of WisdomTree Cloud Computing Fund

Several large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in WisdomTree Cloud Computing Fund in the first quarter valued at $424,000. Curi RMB Capital LLC boosted its holdings in WisdomTree Cloud Computing Fund by 40.9% in the first quarter. Curi RMB Capital LLC now owns 527,580 shares of the company’s stock valued at $17,120,000 after acquiring an additional 153,268 shares in the last quarter. Banque Transatlantique SA bought a new stake in WisdomTree Cloud Computing Fund in the first quarter valued at $87,000. Ieq Capital LLC boosted its holdings in WisdomTree Cloud Computing Fund by 42.1% in the first quarter. Ieq Capital LLC now owns 205,840 shares of the company’s stock valued at $6,680,000 after acquiring an additional 60,949 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC lifted its position in WisdomTree Cloud Computing Fund by 2.8% during the first quarter. Joseph P. Lucia & Associates LLC now owns 35,860 shares of the company’s stock valued at $1,164,000 after buying an additional 979 shares during the period.

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.