Main Street Financial Solutions LLC Makes New Investment in First Trust Cloud Computing ETF $SKYY

Main Street Financial Solutions LLC bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,140 shares of the company’s stock, valued at approximately $692,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP acquired a new stake in First Trust Cloud Computing ETF in the 2nd quarter worth about $3,175,000. Brown Advisory Inc. bought a new stake in First Trust Cloud Computing ETF in the 2nd quarter valued at about $337,000. NewEdge Advisors LLC grew its position in shares of First Trust Cloud Computing ETF by 17.9% during the 2nd quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after purchasing an additional 4,652 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter worth approximately $597,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of First Trust Cloud Computing ETF by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after purchasing an additional 11,987 shares during the period.

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First Trust Cloud Computing ETF Trading Down 0.5%

Shares of SKYY opened at $161.37 on Wednesday. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $169.05. The firm’s 50 day moving average is $140.79 and its 200-day moving average is $126.77. The stock has a market capitalization of $3.23 billion, a PE ratio of 33.85 and a beta of 1.24.

First Trust Cloud Computing ETF Company Profile

(Free Report)

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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