WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Up 0.2% – Should You Buy?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) was up 0.2% during trading on Thursday . The company traded as high as $33.92 and last traded at $33.14. Approximately 2,073,579 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 1,159,518 shares. The stock had previously closed at $33.08.

WisdomTree Cloud Computing Fund Price Performance

The stock has a market capitalization of $269.84 million, a PE ratio of -15.68 and a beta of 1.10. The business has a 50 day moving average price of $28.61 and a 200 day moving average price of $30.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WCLD. AlphaCore Capital LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the fourth quarter valued at $31,000. Rockefeller Capital Management L.P. lifted its holdings in shares of WisdomTree Cloud Computing Fund by 312.3% during 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. Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the fourth quarter valued at $63,000. Kestra Advisory Services LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the fourth quarter valued at $66,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of WisdomTree Cloud Computing Fund by 17.3% during the second quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company’s stock valued at $158,000 after purchasing an additional 653 shares in the last quarter.

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.