Runnymede Capital Advisors Inc. Takes $48,000 Position in Global X Cloud Computing ETF (NASDAQ:CLOU)

Runnymede Capital Advisors Inc. bought a new stake in Global X Cloud Computing ETF (NASDAQ:CLOU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,985 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CLOU. Clearwater Capital Advisors LLC increased its stake in Global X Cloud Computing ETF by 6.2% in the 4th quarter. Clearwater Capital Advisors LLC now owns 117,154 shares of the company’s stock worth $2,807,000 after buying an additional 6,876 shares during the period. HighTower Advisors LLC increased its stake in Global X Cloud Computing ETF by 11.9% in the 4th quarter. HighTower Advisors LLC now owns 14,079 shares of the company’s stock worth $337,000 after buying an additional 1,497 shares during the period. Independent Advisor Alliance purchased a new position in Global X Cloud Computing ETF in the 4th quarter worth about $1,661,000. Raymond James Financial Inc. purchased a new position in Global X Cloud Computing ETF in the 4th quarter worth about $1,370,000. Finally, SBI Securities Co. Ltd. purchased a new position in Global X Cloud Computing ETF in the 4th quarter worth about $141,000.

Global X Cloud Computing ETF Price Performance

Shares of Global X Cloud Computing ETF stock opened at $22.02 on Friday. Global X Cloud Computing ETF has a 1 year low of $17.79 and a 1 year high of $26.39. The firm’s 50-day moving average is $24.16 and its two-hundred day moving average is $23.01. The stock has a market cap of $320.83 million, a price-to-earnings ratio of 35.18 and a beta of 0.98.

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.