Meitav Investment House Ltd. Increases Position in First Trust Cloud Computing ETF $SKYY

Meitav Investment House Ltd. boosted its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 197.8% in the 2nd quarter, Holdings Channel reports. The fund owned 31,764 shares of the company’s stock after purchasing an additional 21,099 shares during the period. Meitav Investment House Ltd.’s holdings in First Trust Cloud Computing ETF were worth $3,864,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in First Trust Cloud Computing ETF by 615.4% in the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after buying an additional 240 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in First Trust Cloud Computing ETF by 15.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,108 shares of the company’s stock valued at $5,736,000 after buying an additional 7,614 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of First Trust Cloud Computing ETF by 7.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after acquiring an additional 233 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of First Trust Cloud Computing ETF by 12.6% during the 1st quarter. Assetmark Inc. now owns 23,779 shares of the company’s stock valued at $2,431,000 after acquiring an additional 2,655 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

SKYY opened at $136.57 on Tuesday. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $138.82. The company’s 50 day simple moving average is $128.02 and its 200 day simple moving average is $117.33. The stock has a market capitalization of $3.26 billion, a PE ratio of 33.85 and a beta of 1.06.

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.