Global X Cloud Computing ETF (NASDAQ:CLOU) Shares Sold by Covestor Ltd

Covestor Ltd cut its holdings in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) by 27.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,456 shares of the company’s stock after selling 545 shares during the period. Covestor Ltd’s holdings in Global X Cloud Computing ETF were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of Global X Cloud Computing ETF during the second quarter worth approximately $53,000. CWM LLC boosted its position in shares of Global X Cloud Computing ETF by 8.0% during the third quarter. CWM LLC now owns 39,910 shares of the company’s stock worth $820,000 after buying an additional 2,971 shares during the period. Cetera Investment Advisers boosted its position in shares of Global X Cloud Computing ETF by 8.1% during the second quarter. Cetera Investment Advisers now owns 95,108 shares of the company’s stock worth $1,870,000 after buying an additional 7,129 shares during the period. Cetera Advisors LLC boosted its position in shares of Global X Cloud Computing ETF by 61.0% during the first quarter. Cetera Advisors LLC now owns 21,239 shares of the company’s stock worth $462,000 after buying an additional 8,043 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of Global X Cloud Computing ETF by 12.1% during the first quarter. CreativeOne Wealth LLC now owns 77,211 shares of the company’s stock worth $1,679,000 after buying an additional 8,349 shares during the period.

Global X Cloud Computing ETF Trading Down 2.3 %

Shares of NASDAQ CLOU opened at $22.70 on Friday. The stock has a 50 day simple moving average of $20.82 and a 200-day simple moving average of $20.10. The company has a market cap of $352.53 million, a PE ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a 12-month low of $17.79 and a 12-month high of $23.90.

Global X Cloud Computing ETF Company Profile

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.