WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 1.2% – Should You Sell?

WisdomTree Cloud Computing Fund (NASDAQ:WCLDGet Free Report)’s share price traded down 1.2% during trading on Tuesday . The stock traded as low as $33.10 and last traded at $33.51. 161,104 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 174,698 shares. The stock had previously closed at $33.90.

WisdomTree Cloud Computing Fund Price Performance

The company has a market cap of $411.69 million, a P/E ratio of -15.68 and a beta of 1.09. The stock has a fifty day moving average price of $37.79 and a two-hundred day moving average price of $36.21.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of WisdomTree Cloud Computing Fund by 170.9% during the fourth quarter. Y.D. More Investments Ltd now owns 3,251 shares of the company’s stock valued at $122,000 after purchasing an additional 2,051 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $214,000. Merit Financial Group LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $219,000. Advisory Services Network LLC boosted its stake in shares of WisdomTree Cloud Computing Fund by 14.6% in the 4th quarter. Advisory Services Network LLC now owns 7,874 shares of the company’s stock worth $295,000 after buying an additional 1,006 shares during the last quarter. Finally, Insight Advisors LLC PA grew its holdings in shares of WisdomTree Cloud Computing Fund by 19.2% in the fourth quarter. Insight Advisors LLC PA now owns 8,138 shares of the company’s stock valued at $307,000 after acquiring an additional 1,311 shares in the last quarter.

About WisdomTree Cloud Computing Fund

(Get Free Report)

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.

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