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

JPMorgan Chase & Co. lessened its holdings in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) by 42.1% during the 3rd quarter, according to its most recent 13F filing with the 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLOU. Mirae Asset Global Investments Co. Ltd. lifted its position in Global X Cloud Computing ETF by 61.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,512 shares of the company’s stock valued at $4,050,000 after acquiring an additional 74,631 shares during the last quarter. Jane Street Group LLC increased its position in shares of Global X Cloud Computing ETF by 262.1% during the third quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock worth $2,043,000 after purchasing an additional 71,953 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Global X Cloud Computing ETF in the 3rd quarter valued at about $954,000. Sanctuary Advisors LLC purchased a new stake in Global X Cloud Computing ETF in the second quarter valued at approximately $410,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Global X Cloud Computing ETF by 8.1% in the second quarter. Cetera Investment Advisers now owns 95,108 shares of the company’s stock valued at $1,870,000 after acquiring an additional 7,129 shares during the period.

Global X Cloud Computing ETF Price Performance

Shares of Global X Cloud Computing ETF stock opened at $25.57 on Monday. The stock has a market capitalization of $372.55 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. The firm’s fifty day simple moving average is $24.71 and its 200-day simple moving average is $21.96. Global X Cloud Computing ETF has a 12 month low of $17.79 and a 12 month high of $26.39.

About Global X Cloud Computing ETF

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.