WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Up 4.1% – Should You Buy?

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) traded up 4.1% during trading on Friday . The stock traded as high as $39.32 and last traded at $39.01. Approximately 824,773 shares were traded during trading, a decline of 26% from the average session volume of 1,107,537 shares. The stock had previously closed at $37.47.

WisdomTree Cloud Computing Fund Trading Up 4.1%

The firm’s fifty day moving average price is $33.17 and its 200 day moving average price is $30.09. The firm has a market capitalization of $297.26 million, a PE ratio of -15.68 and a beta of 1.07.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lodestar Private Asset Management LLC lifted its stake in shares of WisdomTree Cloud Computing Fund by 125.2% in the first quarter. Lodestar Private Asset Management LLC now owns 13,103 shares of the company’s stock worth $358,000 after buying an additional 7,285 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in WisdomTree Cloud Computing Fund by 312.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,406 shares of the company’s stock valued at $49,000 after buying an additional 1,065 shares during the last quarter. Osbon Capital Management LLC acquired a new position in WisdomTree Cloud Computing Fund in the 4th quarter valued at $272,000. Endowment Wealth Management Inc. raised its holdings in WisdomTree Cloud Computing Fund by 39.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 15,441 shares of the company’s stock worth $541,000 after acquiring an additional 4,377 shares during the period. Finally, Clearwater Capital Advisors LLC raised its holdings in WisdomTree Cloud Computing Fund by 4.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 218,956 shares of the company’s stock worth $7,666,000 after acquiring an additional 9,005 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.