WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Down 0.3% – Should You Sell?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) shares dropped 0.3% during trading on Monday . The company traded as low as $33.14 and last traded at $33.31. Approximately 67,549 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 238,520 shares. The stock had previously closed at $33.42.

WisdomTree Cloud Computing Fund Price Performance

The firm has a fifty day moving average of $31.73 and a 200 day moving average of $31.59. The stock has a market capitalization of $404.13 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HBW Advisory Services LLC acquired a new stake in WisdomTree Cloud Computing Fund during the second quarter valued at $32,000. Opal Wealth Advisors LLC grew its position in shares of WisdomTree Cloud Computing Fund by 107.2% during the 2nd quarter. Opal Wealth Advisors LLC now owns 3,427 shares of the company’s stock valued at $108,000 after acquiring an additional 1,773 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of WisdomTree Cloud Computing Fund by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,547 shares of the company’s stock valued at $112,000 after purchasing an additional 587 shares in the last quarter. International Assets Investment Management LLC raised its holdings in WisdomTree Cloud Computing Fund by 3,096.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,114 shares of the company’s stock worth $160,000 after purchasing an additional 4,954 shares during the period. Finally, Insight Advisors LLC PA purchased a new position in WisdomTree Cloud Computing Fund during the second quarter worth approximately $202,000.

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.