Focus Partners Wealth Acquires 3,113 Shares of Global X Cloud Computing ETF (NASDAQ:CLOU)

Focus Partners Wealth boosted its holdings in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,220 shares of the company’s stock after purchasing an additional 3,113 shares during the period. Focus Partners Wealth owned about 0.15% of Global X Cloud Computing ETF worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in Global X Cloud Computing ETF during the fourth quarter worth about $290,000. Integrated Wealth Concepts LLC lifted its stake in Global X Cloud Computing ETF by 14.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 19,440 shares of the company’s stock worth $466,000 after purchasing an additional 2,465 shares during the period. Marshall Wace LLP bought a new position in Global X Cloud Computing ETF during the fourth quarter worth about $773,000. Raymond James Financial Inc. bought a new position in Global X Cloud Computing ETF during the fourth quarter worth about $1,370,000. Finally, Envestnet Asset Management Inc. lifted its stake in Global X Cloud Computing ETF by 70.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 27,129 shares of the company’s stock worth $650,000 after purchasing an additional 11,236 shares during the period.

Global X Cloud Computing ETF Trading Down 1.0%

NASDAQ:CLOU opened at $23.14 on Tuesday. Global X Cloud Computing ETF has a 1 year low of $17.73 and a 1 year high of $26.39. The firm has a 50 day moving average of $21.19 and a 200-day moving average of $23.22. The stock has a market capitalization of $360.52 million, a P/E ratio of 36.27 and a beta of 0.98.

Global X Cloud Computing ETF 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.