Fernwood Investment Management LLC Sells 5,500 Shares of Global X Cloud Computing ETF (NASDAQ:CLOU)

Fernwood Investment Management LLC cut its stake in Global X Cloud Computing ETF (NASDAQ:CLOU) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,450 shares of the company’s stock after selling 5,500 shares during the quarter. Fernwood Investment Management LLC owned 0.18% of Global X Cloud Computing ETF worth $1,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X Cloud Computing ETF by 4.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 379,197 shares of the company’s stock valued at $8,593,000 after acquiring an additional 17,316 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in 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. International Assets Investment Management LLC bought a new stake in Global X Cloud Computing ETF during the 4th quarter worth approximately $1,670,000. Insight Advisors LLC PA increased its stake in Global X Cloud Computing ETF by 14.4% during the 4th quarter. Insight Advisors LLC PA now owns 68,018 shares of the company’s stock worth $1,541,000 after purchasing an additional 8,581 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Global X Cloud Computing ETF during the 3rd quarter worth approximately $1,013,000.

Global X Cloud Computing ETF Stock Performance

NASDAQ CLOU traded up $0.14 during trading hours on Monday, reaching $20.74. 155,072 shares of the company’s stock were exchanged, compared to its average volume of 317,355. The company’s 50-day moving average is $21.40 and its two-hundred day moving average is $21.14. Global X Cloud Computing ETF has a one year low of $16.00 and a one year high of $23.67. The company has a market capitalization of $502.95 million, a price-to-earnings ratio of 46.67 and a beta of 0.98.

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.