WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Down 1.2% – Time to Sell?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) traded down 1.2% on Tuesday . The stock traded as low as $33.10 and last traded at $33.51. 161,104 shares changed hands during trading, a decline of 8% from the average session volume of 174,698 shares. The stock had previously closed at $33.90.

WisdomTree Cloud Computing Fund Trading Down 0.6 %

The stock has a market capitalization of $411.69 million, a PE ratio of -15.68 and a beta of 1.09. The stock has a 50 day moving average price of $37.79 and a 200-day moving average price of $36.21.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in shares of WisdomTree Cloud Computing Fund by 170.9% in the 4th quarter. Y.D. More Investments Ltd now owns 3,251 shares of the company’s stock worth $122,000 after purchasing an additional 2,051 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in WisdomTree Cloud Computing Fund in the fourth quarter worth approximately $214,000. Merit Financial Group LLC purchased a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth $219,000. Advisory Services Network LLC grew its position in shares of WisdomTree Cloud Computing Fund by 14.6% during the 4th quarter. Advisory Services Network LLC now owns 7,874 shares of the company’s stock valued at $295,000 after acquiring an additional 1,006 shares during the period. Finally, Insight Advisors LLC PA increased its stake in shares of WisdomTree Cloud Computing Fund by 19.2% in the 4th quarter. Insight Advisors LLC PA now owns 8,138 shares of the company’s stock worth $307,000 after purchasing an additional 1,311 shares in the last quarter.

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.