SP Asset Management LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 22,257 shares of the company’s stock, valued at approximately $2,651,000.
Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in First Trust Cloud Computing ETF in the 4th quarter valued at about $32,119,000. PNC Financial Services Group Inc. lifted its holdings in First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in First Trust Cloud Computing ETF in the 3rd quarter valued at about $5,373,000. SPC Financial Inc. purchased a new position in First Trust Cloud Computing ETF in the 4th quarter valued at about $4,920,000. Finally, Private Advisor Group LLC lifted its holdings in First Trust Cloud Computing ETF by 34.2% in the 4th quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock valued at $19,248,000 after purchasing an additional 41,222 shares in the last quarter.
First Trust Cloud Computing ETF Price Performance
Shares of SKYY stock opened at $116.45 on Thursday. The firm has a market cap of $3.58 billion, a P/E ratio of 32.02 and a beta of 1.06. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The firm’s 50-day simple moving average is $123.68 and its 200-day simple moving average is $114.41.
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.
Read More
- Five stocks we like better than First Trust Cloud Computing ETF
- What is a buyback in stocks? A comprehensive guide for investors
- Corporate Crawl: Where Business Trips Turn Into Party Nights
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- CrowdStrike’s Growth Remains Strong—Buy While It’s Down
- Stock Market Sectors: What Are They and How Many Are There?
- Is Advanced Micro Devices Stock Slide Over?
Want to see what other hedge funds are holding SKYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report).
Receive News & Ratings for First Trust Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.
