WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Stock Price Up 1.9% – Here’s Why

WisdomTree Cybersecurity Fund (NASDAQ:WCBR) shot up 1.9% on Tuesday. The company traded as high as $49.03 and last traded at $48.11. 207,713 shares were traded during mid-day trading, an increase of 265% from the average session volume of 56,940 shares. The stock had previously closed at $47.21.

WisdomTree Cybersecurity Fund Trading Up 1.9%

The stock has a market cap of $198.21 million, a price-to-earnings ratio of 36.72 and a beta of 0.95. The company has a 50 day simple moving average of $41.86 and a 200-day simple moving average of $34.90.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Several hedge funds have recently made changes to their positions in WCBR. Envestnet Asset Management Inc. raised its holdings in shares of WisdomTree Cybersecurity Fund by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,634 shares of the company’s stock valued at $639,000 after purchasing an additional 943 shares during the period. Bank of America Corp DE increased its position in WisdomTree Cybersecurity Fund by 41.8% during the first quarter. Bank of America Corp DE now owns 94,879 shares of the company’s stock worth $2,367,000 after buying an additional 27,975 shares during the last quarter. Cetera Investment Advisers raised its stake in WisdomTree Cybersecurity Fund by 19.7% in the first quarter. Cetera Investment Advisers now owns 15,886 shares of the company’s stock valued at $396,000 after buying an additional 2,613 shares during the period. PNC Financial Services Group Inc. raised its stake in WisdomTree Cybersecurity Fund by 80.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the company’s stock valued at $45,000 after buying an additional 800 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in shares of WisdomTree Cybersecurity Fund by 19.8% in the fourth quarter. Sunbelt Securities Inc. now owns 78,717 shares of the company’s stock valued at $2,193,000 after buying an additional 13,004 shares during the last quarter.

WisdomTree Cybersecurity Fund Company Profile

The WisdomTree Cybersecurity Fund (WCBR) is an exchange-traded fund that is based on the WisdomTree Team8 Cybersecurity index. The fund tracks an index of developed market companies primarily involved in cybersecurity and security-oriented technology. WCBR was launched on Jan 28, 2021 and is managed by WisdomTree.