WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Stock Jumps 1.9% – Time to Buy?

WisdomTree Cybersecurity Fund (NASDAQ:WCBR)’s stock price shot up 1.9% on Tuesday. The company traded as high as $49.03 and last traded at $48.11. 207,713 shares changed hands during 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 Stock Up 0.5%

The stock has a market capitalization of $196.15 million, a P/E ratio of 36.72 and a beta of 0.95. The business has a fifty day moving average price of $42.08 and a 200-day moving average price of $35.04.

Institutional Inflows and Outflows

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

About WisdomTree Cybersecurity Fund

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.