Two Sigma Securities LLC purchased a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 4,756 shares of the company’s stock, valued at approximately $640,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in First Trust Cloud Computing ETF during the second quarter worth about $3,175,000. Brown Advisory Inc. purchased a new position in First Trust Cloud Computing ETF in the second quarter valued at about $337,000. NewEdge Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 17.9% in the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock valued at $3,727,000 after buying an additional 4,652 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of First Trust Cloud Computing ETF during the 2nd quarter valued at approximately $597,000. Finally, Ameriprise Financial Inc. lifted its position in shares of First Trust Cloud Computing ETF by 7.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after acquiring an additional 11,987 shares during the period.
First Trust Cloud Computing ETF Price Performance
Shares of NASDAQ:SKYY opened at $160.72 on Wednesday. The business’s 50 day simple moving average is $146.57 and its 200-day simple moving average is $130.06. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 33.85 and a beta of 1.26. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $169.05.
First Trust Cloud Computing ETF 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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Want to see what other hedge funds are holding SKYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report).
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