NewEdge Advisors LLC Raises Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

NewEdge Advisors LLC boosted its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,556 shares of the company’s stock after buying an additional 1,399 shares during the period. NewEdge Advisors LLC owned approximately 0.09% of First Trust Cloud Computing ETF worth $3,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SKYY. LFA Lugano Financial Advisors SA purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. raised its position in First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Morse Asset Management Inc acquired a new position in shares of First Trust Cloud Computing ETF during the third quarter worth about $40,000. Huntington National Bank lifted its stake in shares of First Trust Cloud Computing ETF by 594.4% during the fourth quarter. Huntington National Bank now owns 375 shares of the company’s stock worth $45,000 after purchasing an additional 321 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after buying an additional 403 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY opened at $95.35 on Monday. The business’s 50-day simple moving average is $108.76 and its 200 day simple moving average is $115.29. The company has a market cap of $2.83 billion, a P/E ratio of 27.61 and a beta of 1.06. First Trust Cloud Computing ETF has a one year low of $83.45 and a one year high of $131.54.

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.