JPMorgan Chase & Co. Trims Stock Holdings in Global X Cloud Computing ETF (NASDAQ:CLOU)

JPMorgan Chase & Co. lowered its stake in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) by 42.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,908 shares of the company’s stock after selling 4,301 shares during the period. JPMorgan Chase & Co.’s holdings in Global X Cloud Computing ETF were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CLOU. HighTower Advisors LLC grew its holdings in Global X Cloud Computing ETF by 13.5% during the 3rd quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock valued at $257,000 after buying an additional 1,496 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Global X Cloud Computing ETF in the second quarter worth about $410,000. CWM LLC boosted its position in shares of Global X Cloud Computing ETF by 8.0% in the third quarter. CWM LLC now owns 39,910 shares of the company’s stock valued at $820,000 after acquiring an additional 2,971 shares during the period. Dynamic Advisor Solutions LLC bought a new position in Global X Cloud Computing ETF in the 3rd quarter valued at $954,000. Finally, Cetera Investment Advisers grew its position in shares of Global X Cloud Computing ETF by 8.1% during the 2nd quarter. Cetera Investment Advisers now owns 95,108 shares of the company’s stock valued at $1,870,000 after purchasing an additional 7,129 shares in the last quarter.

Global X Cloud Computing ETF Stock Performance

Shares of CLOU stock opened at $25.57 on Monday. The company has a market capitalization of $372.55 million, a PE ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a 52-week low of $17.79 and a 52-week high of $26.39. The business’s fifty day moving average is $24.71 and its 200 day moving average is $21.96.

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.