Clearwater Capital Advisors LLC Trims Stock Position in Global X Internet of Things ETF $SNSR

Clearwater Capital Advisors LLC reduced its stake in shares of Global X Internet of Things ETF (NASDAQ:SNSR) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,115 shares of the company’s stock after selling 14,227 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in Global X Internet of Things ETF were worth $4,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northbridge Financial Group LLC purchased a new position in Global X Internet of Things ETF during the 4th quarter valued at $239,000. International Assets Investment Management LLC purchased a new stake in shares of Global X Internet of Things ETF in the 4th quarter worth about $48,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Global X Internet of Things ETF by 1.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,070 shares of the company’s stock worth $973,000 after buying an additional 430 shares during the period. Moran Wealth Management LLC grew its position in shares of Global X Internet of Things ETF by 57.8% in the 4th quarter. Moran Wealth Management LLC now owns 46,000 shares of the company’s stock worth $1,700,000 after buying an additional 16,850 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Global X Internet of Things ETF by 61.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after buying an additional 27,500 shares during the period.

Global X Internet of Things ETF Price Performance

NASDAQ:SNSR opened at $50.38 on Monday. The firm’s 50-day moving average price is $41.97 and its 200-day moving average price is $39.37. The company has a market capitalization of $247.37 million, a PE ratio of 26.18 and a beta of 1.32. Global X Internet of Things ETF has a 1-year low of $34.20 and a 1-year high of $50.51.

Global X Internet of Things ETF Company Profile

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.