Independent Financial Group LLC purchased a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,745 shares of the company’s stock, valued at approximately $5,003,000.
A number of other large investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in shares of First Trust Cloud Computing ETF by 97.0% in the 3rd 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 purchased a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at approximately $30,000. Franklin Resources Inc. purchased a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at $33,000. Russell Investments Group Ltd. lifted its holdings in First Trust Cloud Computing ETF by 177.9% in the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after acquiring an additional 185 shares during the period. Finally, Capital Advisors Ltd. LLC bought a new position in shares of First Trust Cloud Computing ETF in the 1st quarter worth approximately $35,000.
First Trust Cloud Computing ETF Trading Down 0.2%
SKYY opened at $136.10 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $155.76. The firm’s 50 day simple moving average is $135.19 and its two-hundred day simple moving average is $123.50.
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.
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