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

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) rose 1% during trading on Thursday . The stock traded as high as $35.81 and last traded at $35.75. Approximately 109,260 shares were traded during 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 stock has a 50 day moving average price of $34.75 and a two-hundred day moving average price of $35.94. The company has a market capitalization of $406.84 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in WisdomTree Cloud Computing Fund in the first quarter worth about $87,000. Creative Financial Designs Inc. ADV lifted its stake in WisdomTree Cloud Computing Fund by 43,042.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 3,020 shares of the company’s stock valued at $98,000 after buying an additional 3,013 shares during the period. Mascagni Wealth Management Inc. bought a new position in WisdomTree Cloud Computing Fund during the fourth quarter worth about $120,000. Opal Wealth Advisors LLC bought a new position in WisdomTree Cloud Computing Fund during the first quarter worth about $127,000. Finally, Y.D. More Investments Ltd grew its position in shares of WisdomTree Cloud Computing Fund by 21.5% during the 1st quarter. Y.D. More Investments Ltd now owns 3,951 shares of the company’s stock worth $128,000 after buying an additional 700 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.