Waverly Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 69.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,821 shares of the company’s stock after buying an additional 5,648 shares during the period. Waverly Advisors LLC owned 0.07% of First Trust Cloud Computing ETF worth $1,860,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of First Trust Cloud Computing ETF in the 2nd quarter valued at $3,175,000. Brown Advisory Inc. acquired a new stake in First Trust Cloud Computing ETF during the 2nd quarter worth $337,000. NewEdge Advisors LLC grew its position in First Trust Cloud Computing ETF by 17.9% during the 2nd quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after purchasing an additional 4,652 shares during the last quarter. Quantinno Capital Management LP purchased a new position in First Trust Cloud Computing ETF during the 2nd quarter worth $597,000. Finally, Ameriprise Financial Inc. increased its stake in First Trust Cloud Computing ETF by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after purchasing an additional 11,987 shares during the period.
First Trust Cloud Computing ETF Stock Performance
Shares of NASDAQ:SKYY opened at $158.47 on Friday. The company has a 50-day simple moving average of $150.98 and a 200-day simple moving average of $132.57. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $169.05. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 33.85 and a beta of 1.26.
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.
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