WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Up 0.1% – What’s Next?

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) were up 0.1% during trading on Monday . The stock traded as high as $38.63 and last traded at $38.10. Approximately 159,816 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 171,101 shares. The stock had previously closed at $38.08.

WisdomTree Cloud Computing Fund Stock Up 0.1 %

The stock’s 50 day moving average price is $38.66 and its two-hundred day moving average price is $34.22. The stock has a market cap of $462.92 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WCLD. Raymond James & Associates increased its holdings in shares of WisdomTree Cloud Computing Fund by 0.8% during the 3rd quarter. Raymond James & Associates now owns 134,775 shares of the company’s stock valued at $4,307,000 after purchasing an additional 1,038 shares in the last quarter. Ieq Capital LLC increased its holdings in WisdomTree Cloud Computing Fund by 125.3% in the second quarter. Ieq Capital LLC now owns 105,981 shares of the company’s stock valued at $3,348,000 after buying an additional 58,938 shares in the last quarter. StoneCrest Wealth Management Inc. raised its position in shares of WisdomTree Cloud Computing Fund by 139.2% in the fourth quarter. StoneCrest Wealth Management Inc. now owns 93,139 shares of the company’s stock worth $3,495,000 after acquiring an additional 54,198 shares during the period. Franklin Resources Inc. boosted its stake in shares of WisdomTree Cloud Computing Fund by 4.3% during the 3rd quarter. Franklin Resources Inc. now owns 24,437 shares of the company’s stock worth $812,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Blair William & Co. IL grew its position in shares of WisdomTree Cloud Computing Fund by 49.3% during the 2nd quarter. Blair William & Co. IL now owns 11,225 shares of the company’s stock valued at $355,000 after acquiring an additional 3,708 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.