Main Street Financial Solutions LLC Purchases New Stake in First Trust Cloud Computing ETF $SKYY

Main Street Financial Solutions LLC bought a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,140 shares of the company’s stock, valued at approximately $692,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of First Trust Cloud Computing ETF during the 2nd quarter worth approximately $3,175,000. Brown Advisory Inc. bought a new position in First Trust Cloud Computing ETF in the second quarter valued at approximately $337,000. NewEdge Advisors LLC raised its position in First Trust Cloud Computing ETF by 17.9% during the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock valued at $3,727,000 after purchasing an additional 4,652 shares in the last quarter. Quantinno Capital Management LP acquired a new position in First Trust Cloud Computing ETF during the second quarter valued at approximately $597,000. Finally, Ameriprise Financial Inc. lifted its stake in First Trust Cloud Computing ETF by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after purchasing an additional 11,987 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ SKYY opened at $161.37 on Wednesday. The business has a fifty day moving average price of $140.79 and a two-hundred day moving average price of $126.77. The stock has a market capitalization of $3.23 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a fifty-two week low of $103.76 and a fifty-two week high of $169.05.

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.