WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Up 6% – Still a Buy?

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) rose 6% during mid-day trading on Friday . The stock traded as high as $30.76 and last traded at $30.71. Approximately 1,218,874 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 1,153,988 shares. The stock had previously closed at $28.98.

WisdomTree Cloud Computing Fund Stock Performance

The firm has a market cap of $257.35 million, a P/E ratio of -15.68 and a beta of 1.10. The business’s 50-day simple moving average is $29.67 and its 200 day simple moving average is $30.18.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in shares of WisdomTree Cloud Computing Fund by 17.3% in the second quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company’s stock worth $158,000 after purchasing an additional 653 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in WisdomTree Cloud Computing Fund by 6.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 12,882 shares of the company’s stock valued at $451,000 after acquiring an additional 737 shares during the period. AlphaCore Capital LLC bought a new position in WisdomTree Cloud Computing Fund in the 4th quarter valued at $31,000. Rockefeller Capital Management L.P. grew its position 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 acquiring an additional 1,065 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its stake in WisdomTree Cloud Computing Fund by 18.7% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 6,993 shares of the company’s stock worth $245,000 after purchasing an additional 1,101 shares during the period.

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.