WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 0.2% – Here’s What Happened

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price fell 0.2% on Friday . The company traded as low as $34.22 and last traded at $34.79. Approximately 1,126,897 shares were traded during trading, a decline of 0% from the average session volume of 1,127,107 shares. The stock had previously closed at $34.86.

WisdomTree Cloud Computing Fund Stock Down 0.2%

The firm has a market cap of $258.49 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The stock has a fifty day moving average price of $31.47 and a 200-day moving average price of $30.00.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Institutional investors have recently bought and sold shares of the company. Clearwater Capital Advisors LLC increased its stake in WisdomTree Cloud Computing Fund by 19.2% in the 1st quarter. Clearwater Capital Advisors LLC now owns 261,011 shares of the company’s stock valued at $7,131,000 after buying an additional 42,055 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of WisdomTree Cloud Computing Fund by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 234,441 shares of the company’s stock worth $8,245,000 after acquiring an additional 6,633 shares during the period. Bank of America Corp DE boosted its holdings in shares of WisdomTree Cloud Computing Fund by 332.2% in the first quarter. Bank of America Corp DE now owns 174,838 shares of the company’s stock valued at $4,777,000 after acquiring an additional 134,389 shares in the last quarter. Byrne Financial Freedom LLC boosted its holdings in shares of WisdomTree Cloud Computing Fund by 7.3% in the fourth quarter. Byrne Financial Freedom LLC now owns 118,958 shares of the company’s stock valued at $4,165,000 after acquiring an additional 8,075 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of WisdomTree Cloud Computing Fund by 12.1% during the first quarter. Royal Bank of Canada now owns 34,599 shares of the company’s stock worth $946,000 after acquiring an additional 3,724 shares during the period.

WisdomTree Cloud Computing Fund Company Profile

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.