Private Advisor Group LLC Acquires 1,350 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Private Advisor Group LLC boosted its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,938 shares of the company’s stock after purchasing an additional 1,350 shares during the period. Private Advisor Group LLC owned approximately 0.55% of First Trust Cloud Computing ETF worth $16,657,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SKYY. Farther Finance Advisors LLC raised its stake in shares of First Trust Cloud Computing ETF by 615.4% during the first quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock valued at $29,000 after acquiring an additional 240 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at about $30,000. Sound Income Strategies LLC raised its stake in shares of First Trust Cloud Computing ETF by 1,215.2% during the first quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock valued at $44,000 after acquiring an additional 401 shares during the last quarter. Huntington National Bank raised its stake in shares of First Trust Cloud Computing ETF by 594.4% during the fourth quarter. Huntington National Bank now owns 375 shares of the company’s stock valued at $45,000 after acquiring an additional 321 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $50,000 after buying an additional 197 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $123.45 on Friday. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The company’s 50-day moving average is $117.94 and its 200 day moving average is $114.64. The stock has a market capitalization of $3.54 billion, a P/E ratio of 33.85 and a beta of 1.06.

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.