WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Up 4.1% – Should You Buy?

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) traded up 4.1% during mid-day trading on Friday . The company traded as high as $39.32 and last traded at $39.01. 824,773 shares were traded during mid-day trading, a decline of 26% from the average session volume of 1,107,537 shares. The stock had previously closed at $37.47.

WisdomTree Cloud Computing Fund Stock Up 4.1%

The firm’s 50 day moving average price is $33.17 and its two-hundred day moving average price is $30.09. The firm has a market capitalization of $297.26 million, a PE ratio of -15.68 and a beta of 1.07.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

A number of institutional investors have recently made changes to their positions in the company. Lodestar Private Asset Management LLC grew its position in WisdomTree Cloud Computing Fund by 125.2% during the 1st quarter. Lodestar Private Asset Management LLC now owns 13,103 shares of the company’s stock worth $358,000 after purchasing an additional 7,285 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of WisdomTree Cloud Computing Fund by 312.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,406 shares of the company’s stock valued at $49,000 after purchasing an additional 1,065 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of WisdomTree Cloud Computing Fund in the fourth quarter valued at $272,000. Endowment Wealth Management Inc. boosted its position in shares of WisdomTree Cloud Computing Fund by 39.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 15,441 shares of the company’s stock worth $541,000 after buying an additional 4,377 shares during the period. Finally, Clearwater Capital Advisors LLC boosted its position in shares of WisdomTree Cloud Computing Fund by 4.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 218,956 shares of the company’s stock worth $7,666,000 after buying an additional 9,005 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.