WisdomTree Cloud Computing Fund (NASDAQ:WCLD – Get Free Report) shares dropped 2.5% during trading on Wednesday . The stock traded as low as $27.18 and last traded at $27.49. Approximately 1,633,171 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 1,150,280 shares. The stock had previously closed at $28.20.
WisdomTree Cloud Computing Fund Trading Up 2.5%
The firm has a market capitalization of $239.84 million, a price-to-earnings ratio of -15.68 and a beta of 1.04. The firm has a fifty day moving average price of $27.73 and a 200 day moving average price of $31.00.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC acquired a new position in WisdomTree Cloud Computing Fund during the 4th quarter worth $31,000. Rockefeller Capital Management L.P. lifted its holdings in WisdomTree Cloud Computing Fund by 312.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,406 shares of the company’s stock worth $49,000 after buying an additional 1,065 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in WisdomTree Cloud Computing Fund during the 4th quarter worth $63,000. Kestra Advisory Services LLC acquired a new position in WisdomTree Cloud Computing Fund during the 4th quarter worth $66,000. Finally, Smartleaf Asset Management LLC lifted its holdings in WisdomTree Cloud Computing Fund by 17.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company’s stock worth $158,000 after buying an additional 653 shares in the last quarter.
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.
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