IFP Advisors Inc reduces holding in Global X Cloud Computing ETF (NASDAQ:CLOU)

IFP Advisors Inc reduced its holdings of shares in Global X Cloud Computing ETF (NASDAQ:CLOU – Free Report) by 47.8% in the first quarter, according to the company in its most recent disclosure to the Securities and Exchange Commission. The fund owned 7,048 shares of the company after selling 6,458 shares during the period. IFP Advisors Inc’s holdings in Global X Cloud Computing ETF were worth $106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also increased or decreased their stakes in the company. BNP Paribas Arbitrage SA bought a new stake in Global X Cloud Computing ETF during the first quarter valued at approximately $32,000. Oxford Financial Group Ltd. bought a new holding in Global X Cloud Computing ETF during the fourth quarter for approximately $37,000. Money Concepts Capital Corp bought a new holding in Global X Cloud Computing ETF during the fourth quarter valued at approximately $38,000. Credit Suisse AG bought a new holding in Global X Cloud Computing ETF during the second quarter valued at approximately $59,000. Finally, Prestige Wealth Management Group LLC increased its holdings in Global X Cloud Computing ETF by 373.7% during the fourth quarter. Prestige Wealth Management Group LLC now owns 4,552 shares of the company valued at $73,000 after purchasing an additional 3,591 shares during the most recent quarter.

Price performance of the Global X Cloud Computing ETF

NASDAQ CLOU shares opened at $19.93 on Tuesday. The company has a fifty-day moving average price of $18.72 and a 200-day moving average price of $17.69. The stock has a market cap of $596.70 million, a PE of 45.54, and a beta of 0.98. The Global X Cloud Computing ETF has a 1-year low of $14.34 and a 1-year high of $20.61.

Company profile of the Global X Cloud Computing ETF

(Free Report)

The Global X Cloud Computing ETF (CLOU) is an exchange traded fund based on the Indxx Global Cloud Computing Index. The fund offers exposure to a market capitalization weighted global equity index of companies in the cloud computing industry. CLOU was launched on April 12, 2019 and is managed by Global X.

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