First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) hit a new 52-week high on Friday. The company traded as high as $173.31 and last traded at $171.9020, with a volume of 31629 shares. The stock had previously closed at $170.14.
First Trust Cloud Computing ETF Stock Up 1.6%
The firm’s 50-day simple moving average is $161.95 and its 200-day simple moving average is $140.01. The firm has a market capitalization of $3.50 billion, a P/E ratio of 33.85 and a beta of 1.27.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its position in shares of First Trust Cloud Computing ETF by 35.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 307 shares of the company’s stock worth $41,000 after acquiring an additional 80 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of First Trust Cloud Computing ETF by 2.6% in the 1st quarter. Arkadios Wealth Advisors now owns 4,577 shares of the company’s stock valued at $501,000 after buying an additional 116 shares during the period. Beacon Financial Advisory LLC boosted its holdings in First Trust Cloud Computing ETF by 2.8% during the fourth quarter. Beacon Financial Advisory LLC now owns 4,297 shares of the company’s stock worth $559,000 after buying an additional 117 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in First Trust Cloud Computing ETF by 1.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,154 shares of the company’s stock valued at $782,000 after purchasing an additional 118 shares during the last quarter. Finally, Rathbones Group PLC increased its stake in shares of First Trust Cloud Computing ETF by 2.3% during the 1st quarter. Rathbones Group PLC now owns 8,086 shares of the company’s stock worth $884,000 after purchasing an additional 179 shares in the last quarter.
About First Trust Cloud Computing ETF
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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