International Assets Investment Management LLC bought a new stake in shares of Global X Cloud Computing ETF (NASDAQ:CLOU – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 73,713 shares of the company’s stock, valued at approximately $1,670,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLOU. Raymond James Financial Services Advisors Inc. increased its stake in shares of Global X Cloud Computing ETF by 538.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 312,509 shares of the company’s stock worth $7,081,000 after purchasing an additional 263,555 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Global X Cloud Computing ETF by 4.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 379,197 shares of the company’s stock worth $8,593,000 after buying an additional 17,316 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Global X Cloud Computing ETF in the third quarter worth $128,000. Lincoln National Corp purchased a new stake in shares of Global X Cloud Computing ETF in the third quarter valued at $208,000. Finally, Raymond James & Associates lifted its position in shares of Global X Cloud Computing ETF by 2.5% in the third quarter. Raymond James & Associates now owns 35,924 shares of the company’s stock valued at $676,000 after acquiring an additional 874 shares in the last quarter.
Global X Cloud Computing ETF stock opened at $20.11 on Tuesday. The stock has a 50-day moving average price of $21.10 and a 200 day moving average price of $21.27. Global X Cloud Computing ETF has a 52 week low of $16.76 and a 52 week high of $23.67. The stock has a market cap of $467.16 million, a PE ratio of 46.16 and a beta of 0.98.
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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