First Trust Cloud Computing ETF $SKYY Shares Purchased by Good Life Advisors LLC

Good Life Advisors LLC raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 27.5% during the 2nd quarter, Holdings Channel reports. The firm owned 30,052 shares of the company’s stock after buying an additional 6,478 shares during the quarter. Good Life Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $3,655,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its position in First Trust Cloud Computing ETF by 9.7% during the 1st quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock worth $93,326,000 after buying an additional 80,874 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in First Trust Cloud Computing ETF by 104.1% in the first quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock valued at $56,266,000 after purchasing an additional 280,749 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of First Trust Cloud Computing ETF by 0.8% during the 1st quarter. Private Advisor Group LLC now owns 162,938 shares of the company’s stock valued at $16,657,000 after buying an additional 1,350 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 7.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 96,164 shares of the company’s stock valued at $11,697,000 after buying an additional 6,725 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Cloud Computing ETF by 77.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 58,051 shares of the company’s stock worth $5,935,000 after buying an additional 25,397 shares during the last quarter.

First Trust Cloud Computing ETF Trading Down 1.3%

Shares of NASDAQ:SKYY opened at $134.51 on Thursday. First Trust Cloud Computing ETF has a 12-month low of $85.38 and a 12-month high of $143.74. The business has a 50 day moving average of $135.94 and a two-hundred day moving average of $124.54. The company has a market capitalization of $3.22 billion, a PE ratio of 33.85 and a beta of 1.24.

First Trust Cloud Computing ETF Company Profile

The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.