Cetera Investment Advisers increased its position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 8.9% in the first quarter, Holdings Channel.com reports. The firm owned 148,215 shares of the company’s stock after acquiring an additional 12,065 shares during the period. Cetera Investment Advisers’ holdings in First Trust Cloud Computing ETF were worth $16,209,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKYY. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Cloud Computing ETF by 12,567.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after purchasing an additional 3,275,151 shares during the period. LPL Financial LLC grew its position in shares of First Trust Cloud Computing ETF by 2.0% during the 4th quarter. LPL Financial LLC now owns 917,710 shares of the company’s stock worth $119,376,000 after buying an additional 17,690 shares during the period. UBS Group AG grew its position in shares of First Trust Cloud Computing ETF by 2.1% during the 3rd quarter. UBS Group AG now owns 538,996 shares of the company’s stock worth $72,452,000 after buying an additional 11,236 shares during the period. Wells Fargo & Company MN grew its position in shares of First Trust Cloud Computing ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock worth $43,696,000 after buying an additional 47,229 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of First Trust Cloud Computing ETF by 8.3% during the fourth quarter. Royal Bank of Canada now owns 188,407 shares of the company’s stock worth $24,508,000 after buying an additional 14,457 shares during the last quarter.
First Trust Cloud Computing ETF Price Performance
SKYY opened at $137.90 on Wednesday. The firm has a 50 day simple moving average of $136.15 and a 200 day simple moving average of $123.66. First Trust Cloud Computing ETF has a fifty-two week low of $103.76 and a fifty-two week high of $155.76. The company has a market cap of $2.82 billion, a price-to-earnings 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.
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