WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Down 2.1%

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s stock price fell 2.1% during mid-day trading on Friday . The company traded as low as $29.97 and last traded at $30.09. 183,102 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 269,153 shares. The stock had previously closed at $30.73.

WisdomTree Cloud Computing Fund Price Performance

The company has a 50 day simple moving average of $31.17 and a 200-day simple moving average of $32.24. The stock has a market capitalization of $444.43 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. HBW Advisory Services LLC bought a new position in shares of WisdomTree Cloud Computing Fund in the second quarter worth approximately $32,000. First PREMIER Bank boosted its position in shares of WisdomTree Cloud Computing Fund by 35.8% during the first quarter. First PREMIER Bank now owns 1,594 shares of the company’s stock valued at $56,000 after purchasing an additional 420 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in WisdomTree Cloud Computing Fund in the first quarter worth $58,000. Stelac Advisory Services LLC purchased a new position in WisdomTree Cloud Computing Fund during the fourth quarter valued at $111,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in WisdomTree Cloud Computing Fund by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,547 shares of the company’s stock valued at $112,000 after acquiring an additional 587 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.