United Advisor Group LLC Makes New Investment in First Trust Cloud Computing ETF $SKYY

United Advisor Group LLC acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,776 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SKYY. Raymond James Financial Inc. increased its position in shares of First Trust Cloud Computing ETF by 104.1% during the 1st quarter. Raymond James Financial Inc. now owns 550,382 shares of the company’s stock worth $56,266,000 after purchasing an additional 280,749 shares in the last quarter. LPL Financial LLC boosted its position in First Trust Cloud Computing ETF by 9.7% in the first quarter. LPL Financial LLC now owns 912,898 shares of the company’s stock valued at $93,326,000 after buying an additional 80,874 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Cloud Computing ETF by 77.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 58,051 shares of the company’s stock worth $5,935,000 after buying an additional 25,397 shares during the last quarter. Meitav Investment House Ltd. grew its stake in First Trust Cloud Computing ETF by 197.8% during the second quarter. Meitav Investment House Ltd. now owns 31,764 shares of the company’s stock worth $3,864,000 after buying an additional 21,099 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of First Trust Cloud Computing ETF by 4,686.0% during the second quarter. Farther Finance Advisors LLC now owns 13,353 shares of the company’s stock worth $1,624,000 after buying an additional 13,074 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 0.4%

NASDAQ:SKYY opened at $126.90 on Thursday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $143.74. The firm has a 50 day moving average of $135.77 and a 200-day moving average of $125.40.

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.