First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Bought by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lifted its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,335 shares of the company’s stock after purchasing an additional 415 shares during the period. Summit Investment Advisors Inc.’s holdings in First Trust Cloud Computing ETF were worth $874,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SKYY. LFA Lugano Financial Advisors SA purchased a new position in First Trust Cloud Computing ETF during the fourth quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after acquiring 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 3rd quarter valued at about $40,000. Huntington National Bank grew its holdings in shares of First Trust Cloud Computing ETF by 594.4% in the fourth quarter. Huntington National Bank now owns 375 shares of the company’s stock valued at $45,000 after purchasing an additional 321 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in First Trust Cloud Computing ETF by 1,343.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after purchasing an additional 403 shares during the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY opened at $95.35 on Friday. The company’s 50-day moving average is $109.45 and its two-hundred day moving average is $115.12. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 27.61 and a beta of 1.06.

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.