WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Shares Down 1.9% – Here’s Why

WisdomTree Cybersecurity Fund (NASDAQ:WCBR) dropped 1.9% on Wednesday . The stock traded as low as $30.72 and last traded at $30.87. Approximately 13,930 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 24,792 shares. The stock had previously closed at $31.47.

WisdomTree Cybersecurity Fund Trading Down 1.9%

The firm has a market capitalization of $130.89 million, a price-to-earnings ratio of 36.72 and a beta of 0.85. The firm has a 50 day moving average price of $30.68 and a two-hundred day moving average price of $29.54.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in WisdomTree Cybersecurity Fund by 60.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,200 shares of the company’s stock worth $33,000 after acquiring an additional 450 shares in the last quarter. Nwam LLC raised its position in shares of WisdomTree Cybersecurity Fund by 3.4% in the 1st quarter. Nwam LLC now owns 26,490 shares of the company’s stock valued at $718,000 after purchasing an additional 864 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of WisdomTree Cybersecurity Fund by 5.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,417 shares of the company’s stock valued at $472,000 after purchasing an additional 978 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of WisdomTree Cybersecurity Fund by 1.8% in the 1st quarter. NewEdge Advisors LLC now owns 87,950 shares of the company’s stock valued at $2,383,000 after purchasing an additional 1,586 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in shares of WisdomTree Cybersecurity Fund in the 1st quarter valued at approximately $45,000.

WisdomTree Cybersecurity Fund Company Profile

The WisdomTree Cybersecurity Fund (WCBR) is an exchange-traded fund that is based on the WisdomTree Team8 Cybersecurity index. The fund tracks an index of developed market companies primarily involved in cybersecurity and security-oriented technology. WCBR was launched on Jan 28, 2021 and is managed by WisdomTree.