Raymond James Financial Inc. Invests $1.37 Million in Global X Cloud Computing ETF (NASDAQ:CLOU)

Raymond James Financial Inc. acquired a new stake in shares of Global X Cloud Computing ETF (NASDAQ:CLOU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 57,167 shares of the company’s stock, valued at approximately $1,370,000. Raymond James Financial Inc. owned 0.39% of Global X Cloud Computing ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Global X Cloud Computing ETF by 16.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,725 shares of the company’s stock valued at $5,548,000 after purchasing an additional 33,213 shares during the period. Clearwater Capital Advisors LLC lifted its holdings in shares of Global X Cloud Computing ETF by 6.2% in the fourth quarter. Clearwater Capital Advisors LLC now owns 117,154 shares of the company’s stock valued at $2,807,000 after buying an additional 6,876 shares during the period. Wells Fargo & Company MN boosted its stake in Global X Cloud Computing ETF by 24.3% during the fourth quarter. Wells Fargo & Company MN now owns 115,590 shares of the company’s stock valued at $2,770,000 after buying an additional 22,623 shares in the last quarter. Independent Advisor Alliance acquired a new position in Global X Cloud Computing ETF during the fourth quarter worth about $1,661,000. Finally, Envestnet Asset Management Inc. raised its position in Global X Cloud Computing ETF by 70.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,129 shares of the company’s stock worth $650,000 after acquiring an additional 11,236 shares in the last quarter.

Global X Cloud Computing ETF Price Performance

NASDAQ CLOU opened at $21.99 on Friday. Global X Cloud Computing ETF has a 12 month low of $17.73 and a 12 month high of $26.39. The company has a market capitalization of $334.69 million, a P/E ratio of 34.69 and a beta of 0.98. The company’s 50 day simple moving average is $21.19 and its 200 day simple moving average is $23.07.

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.