Independent Financial Group LLC acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,745 shares of the company’s stock, valued at approximately $5,003,000. Independent Financial Group LLC owned about 0.22% of First Trust Cloud Computing ETF at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at about $3,175,000. Brown Advisory Inc. purchased a new stake in First Trust Cloud Computing ETF during the 2nd quarter valued at about $337,000. NewEdge Advisors LLC grew its position in 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 acquiring an additional 4,652 shares during the last quarter. Quantinno Capital Management LP bought a new position in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $597,000. Finally, Ameriprise Financial Inc. grew its position in 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 worth $20,041,000 after acquiring an additional 11,987 shares during the last quarter.
First Trust Cloud Computing ETF Price Performance
Shares of First Trust Cloud Computing ETF stock opened at $136.10 on Friday. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $155.76. The business’s 50 day simple moving average is $135.19 and its two-hundred day simple moving average is $123.50. The stock has a market capitalization of $2.82 billion, a P/E ratio of 33.85 and a beta of 1.24.
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.
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