IFP Advisors Inc grew its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 56.5% in the second quarter, Holdings Channel reports. The institutional investor owned 15,831 shares of the company’s stock after purchasing an additional 5,717 shares during the period. IFP Advisors Inc’s holdings in First Trust Cloud Computing ETF were worth $2,130,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in First Trust Cloud Computing ETF by 97.0% during the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Franklin Resources Inc. bought a new stake in First Trust Cloud Computing ETF during the 4th quarter worth approximately $33,000. Capital Advisors Ltd. LLC bought a new stake in First Trust Cloud Computing ETF during the 1st quarter worth approximately $35,000. Russell Investments Group Ltd. grew its holdings in First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after acquiring an additional 185 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at $40,000.
First Trust Cloud Computing ETF Price Performance
Shares of NASDAQ:SKYY opened at $158.47 on Friday. The firm’s 50 day simple moving average is $150.98 and its 200 day simple moving average is $132.57. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 33.85 and a beta of 1.26. First Trust Cloud Computing ETF has a fifty-two week low of $103.76 and a fifty-two week 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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