Wealthfront Advisers LLC Has $2.93 Million Stock Holdings in First Trust Cloud Computing ETF $SKYY

Wealthfront Advisers LLC raised its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 20.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 24,115 shares of the company’s stock after buying an additional 4,174 shares during the quarter. Wealthfront Advisers LLC’s holdings in First Trust Cloud Computing ETF were worth $2,933,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SKYY. JFS Wealth Advisors LLC increased its position in shares of First Trust Cloud Computing ETF by 114.3% in the second quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock worth $46,000 after purchasing an additional 200 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in 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 worth $50,000 after buying an additional 197 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter worth approximately $66,000. Banque Cantonale Vaudoise bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter worth approximately $67,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 73.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 614 shares of the company’s stock worth $75,000 after acquiring an additional 259 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $140.72 on Thursday. First Trust Cloud Computing ETF has a one year low of $85.38 and a one year high of $142.02. The company has a market cap of $3.38 billion, a P/E ratio of 33.85 and a beta of 1.24. The firm has a 50 day simple moving average of $133.07 and a two-hundred day simple moving average of $121.61.

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.