UBS Group AG Reduces Stock Holdings in Global X Cloud Computing ETF $CLOU

UBS Group AG lowered its stake in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 562,938 shares of the company’s stock after selling 70,828 shares during the quarter. UBS Group AG owned approximately 5.07% of Global X Cloud Computing ETF worth $12,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Founders Financial Alliance LLC purchased a new position in shares of Global X Cloud Computing ETF in the 3rd quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in Global X Cloud Computing ETF in the third quarter valued at $65,000. Triumph Capital Management acquired a new position in Global X Cloud Computing ETF in the third quarter valued at $74,000. Sei Investments Co. acquired a new position in Global X Cloud Computing ETF in the second quarter valued at $209,000. Finally, Legacy Financial Advisors Inc. acquired a new position in Global X Cloud Computing ETF in the third quarter valued at $221,000.

Global X Cloud Computing ETF Stock Performance

CLOU opened at $21.83 on Friday. The business’s 50-day simple moving average is $19.99 and its 200-day simple moving average is $21.19. Global X Cloud Computing ETF has a one year low of $17.52 and a one year high of $24.32. The stock has a market capitalization of $234.89 million, a P/E ratio of 36.94 and a beta of 1.02.

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.