Wedbush Securities Inc. Invests $204,000 in First Trust Cloud Computing ETF $SKYY

Wedbush Securities Inc. acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,676 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its holdings in shares of First Trust Cloud Computing ETF by 114.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. Advisors Preferred LLC bought a new position in First Trust Cloud Computing ETF during the second quarter valued at approximately $47,000. Banque Cantonale Vaudoise acquired a new stake in First Trust Cloud Computing ETF in the first quarter valued at approximately $67,000. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust Cloud Computing ETF by 73.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock worth $75,000 after acquiring an additional 259 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of First Trust Cloud Computing ETF by 190.9% during the 2nd quarter. Huntington National Bank now owns 800 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares during the last quarter.

First Trust Cloud Computing ETF Trading Down 3.2%

SKYY stock opened at $131.96 on Friday. The firm has a market cap of $3.16 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $143.74. The company has a fifty day simple moving average of $136.02 and a 200 day simple moving average of $124.59.

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.