WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Down 0.4% – Here’s Why

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) fell 0.4% during trading on Monday . The stock traded as low as $36.10 and last traded at $36.22. 80,381 shares traded hands during trading, a decline of 65% from the average session volume of 227,150 shares. The stock had previously closed at $36.37.

WisdomTree Cloud Computing Fund Price Performance

The company has a market cap of $442.97 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The firm has a fifty day simple moving average of $33.10 and a 200 day simple moving average of $31.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WCLD. HBW Advisory Services LLC bought a new position in WisdomTree Cloud Computing Fund in the 2nd quarter worth approximately $32,000. Opal Wealth Advisors LLC increased its position in WisdomTree Cloud Computing Fund by 107.2% during the second quarter. Opal Wealth Advisors LLC now owns 3,427 shares of the company’s stock worth $108,000 after acquiring an additional 1,773 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 587 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in WisdomTree Cloud Computing Fund by 3,096.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,114 shares of the company’s stock valued at $160,000 after purchasing an additional 4,954 shares during the period. Finally, Insight Advisors LLC PA acquired a new stake in WisdomTree Cloud Computing Fund in the 2nd quarter worth $202,000.

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.