WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 0.7%

Posted by Xavier Holt on Sep 19th, 2023

WisdomTree Cloud Computing Fund (NASDAQ:WCLD – Get Free Report) shares traded down 0.7% on Monday . The company traded as low as $30.29 and last traded at $30.40. 365,460 shares traded hands during trading, an increase of 45% from the average session volume of 251,959 shares. The stock had previously closed at $30.61.

WisdomTree Cloud Computing Fund Stock Performance

The business’s fifty day moving average is $32.02 and its two-hundred day moving average is $29.90. The company has a market cap of $671.84 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in WisdomTree Cloud Computing Fund by 103.3% during the 2nd quarter. Wells Fargo & Company MN now owns 47,819 shares of the company’s stock valued at $1,516,000 after buying an additional 24,294 shares in the last quarter. Stifel Financial Corp increased its position in WisdomTree Cloud Computing Fund by 21.1% during the 2nd quarter. Stifel Financial Corp now owns 42,151 shares of the company’s stock valued at $1,336,000 after purchasing an additional 7,350 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new position in WisdomTree Cloud Computing Fund during the 2nd quarter valued at about $201,000. Sowell Financial Services LLC purchased a new position in WisdomTree Cloud Computing Fund during the 2nd quarter valued at about $469,000. Finally, MML Investors Services LLC increased its position in WisdomTree Cloud Computing Fund by 60.9% during the 2nd quarter. MML Investors Services LLC now owns 12,861 shares of the company’s stock valued at $408,000 after purchasing an additional 4,869 shares during the period.

WisdomTree Cloud Computing Fund Company Profile

(Get Free Report)

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.