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

Fernwood Investment Management LLC reduced its position in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) by 9.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,450 shares of the company’s stock after selling 5,500 shares during the quarter. Fernwood Investment Management LLC’s holdings in Global X Cloud Computing ETF were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLOU. CWM LLC raised its holdings in Global X Cloud Computing ETF by 303.0% during the 3rd quarter. CWM LLC now owns 10,358 shares of the company’s stock valued at $195,000 after buying an additional 7,788 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Global X Cloud Computing ETF by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,619 shares of the company’s stock valued at $972,000 after buying an additional 3,836 shares during the last quarter. Raymond James & Associates raised its holdings in Global X Cloud Computing ETF by 2.5% during the 3rd quarter. Raymond James & Associates now owns 35,924 shares of the company’s stock valued at $676,000 after buying an additional 874 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Global X Cloud Computing ETF during the 3rd quarter valued at $325,000. Finally, Mackenzie Financial Corp purchased a new position in Global X Cloud Computing ETF during the 3rd quarter valued at $1,013,000.

Global X Cloud Computing ETF Price Performance

Global X Cloud Computing ETF stock traded up $0.14 during mid-day trading on Monday, reaching $20.74. 155,072 shares of the company traded hands, compared to its average volume of 317,355. The firm’s 50 day moving average price is $21.40 and its 200 day moving average price is $21.14. The firm 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 has a 52-week low of $16.00 and a 52-week high of $23.67.

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.