UBS Group AG cut its holdings in shares of Global X Cloud Computing ETF (NASDAQ:CLOU – Free Report) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 562,938 shares of the company’s stock after selling 70,828 shares during the quarter. UBS Group AG owned approximately 0.05% of Global X Cloud Computing ETF worth $12,734,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of CLOU. Sanctuary Advisors LLC raised its position in Global X Cloud Computing ETF by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 26,953 shares of the company’s stock valued at $610,000 after purchasing an additional 1,871 shares during the last quarter. Golden State Equity Partners purchased a new position in Global X Cloud Computing ETF during the 4th quarter worth $346,000. SteelPeak Wealth LLC acquired a new position in Global X Cloud Computing ETF in the fourth quarter valued at $228,000. Triumph Capital Management acquired a new position in Global X Cloud Computing ETF in the third quarter valued at $74,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Global X Cloud Computing ETF in the third quarter valued at about $65,000.
Global X Cloud Computing ETF Stock Performance
Shares of CLOU opened at $21.83 on Friday. Global X Cloud Computing ETF has a fifty-two week low of $17.52 and a fifty-two week high of $24.32. The company has a market capitalization of $234.89 million, a price-to-earnings ratio of 36.94 and a beta of 1.02. The firm has a 50-day simple moving average of $19.99 and a 200-day simple moving average of $21.19.
About Global X Cloud Computing ETF
The Global X Cloud Computing ETF (CLOU) is an exchange-traded fund that is based on the Indxx Global Cloud Computing index. The fund provides exposure to a market-cap weighted global equity index of companies involved in the cloud computing industry. CLOU was launched on Apr 12, 2019 and is managed by Global X.
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