WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 0.2% – Should You Sell?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s stock price was down 0.2% during trading on Thursday . The company traded as low as $35.95 and last traded at $36.11. Approximately 275,925 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 244,444 shares. The stock had previously closed at $36.17.

WisdomTree Cloud Computing Fund Price Performance

The stock’s 50-day moving average is $34.87 and its 200 day moving average is $35.26. The stock has a market cap of $311.27 million, a price-to-earnings ratio of -15.68 and a beta of 1.17.

Institutional Trading of WisdomTree Cloud Computing Fund

A number of institutional investors have recently modified their holdings of WCLD. North Star Investment Management Corp. acquired a new position in WisdomTree Cloud Computing Fund during the second quarter worth $59,000. Banque Transatlantique SA purchased a new stake in shares of WisdomTree Cloud Computing Fund during the 1st quarter worth $87,000. Smartleaf Asset Management LLC boosted its position in shares of WisdomTree Cloud Computing Fund by 17.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company’s stock worth $158,000 after purchasing an additional 653 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of WisdomTree Cloud Computing Fund by 32.9% during the 2nd quarter. Y.D. More Investments Ltd now owns 5,251 shares of the company’s stock worth $190,000 after purchasing an additional 1,300 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of WisdomTree Cloud Computing Fund by 85.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 5,600 shares of the company’s stock worth $202,000 after purchasing an additional 2,580 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.