First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC increased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 12.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,834 shares of the company’s stock after acquiring an additional 437 shares during the quarter. Advisory Services Network LLC’s holdings in First Trust Cloud Computing ETF were worth $457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of First Trust Cloud Computing ETF in the fourth quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. raised its stake in First Trust Cloud Computing ETF by 77.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $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 in the 3rd quarter valued at $40,000. Huntington National Bank grew its stake in shares of First Trust Cloud Computing ETF by 594.4% during the 4th quarter. Huntington National Bank now owns 375 shares of the company’s stock valued at $45,000 after buying an additional 321 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of First Trust Cloud Computing ETF by 1,343.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after buying an additional 403 shares during the period.

First Trust Cloud Computing ETF Trading Down 1.7 %

Shares of SKYY opened at $95.68 on Thursday. First Trust Cloud Computing ETF has a twelve month low of $83.45 and a twelve month high of $131.54. The firm has a market capitalization of $2.84 billion, a P/E ratio of 27.61 and a beta of 1.06. The stock’s fifty day simple moving average is $110.16 and its 200 day simple moving average is $115.17.

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.