Osbon Capital Management LLC Takes $1.09 Million Position in First Trust Cloud Computing ETF $SKYY

Osbon Capital Management LLC acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,404 shares of the company’s stock, valued at approximately $1,093,000. First Trust Cloud Computing ETF accounts for about 1.0% of Osbon Capital Management LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds have also modified their holdings of SKYY. Parallel Advisors LLC increased its position in First Trust Cloud Computing ETF by 97.0% during the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at $30,000. Franklin Resources Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at $33,000. Russell Investments Group Ltd. grew its stake in shares of First Trust Cloud Computing ETF by 177.9% during the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after buying an additional 185 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at $47,000.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY opened at $131.88 on Friday. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $155.76. The firm has a market capitalization of $2.72 billion, a P/E ratio of 33.85 and a beta of 1.24. The stock’s fifty day simple moving average is $128.51 and its 200 day simple moving average is $123.03.

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.