Avantax Advisory Services Inc. boosted its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 11.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,723 shares of the company’s stock after buying an additional 2,994 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Cloud Computing ETF were worth $2,606,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of SKYY. VitalStone Financial LLC raised its holdings in shares of First Trust Cloud Computing ETF by 144.8% during the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after acquiring an additional 207 shares during the period. EdgeRock Capital LLC purchased a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at $33,000. Anchor Investment Management LLC acquired a new position in First Trust Cloud Computing ETF during the fourth quarter valued at $40,000. GAMMA Investing LLC purchased a new position in First Trust Cloud Computing ETF during the 4th quarter valued at about $45,000. Finally, Blue Bell Private Wealth Management LLC grew its position in First Trust Cloud Computing ETF by 37.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock valued at $63,000 after purchasing an additional 197 shares in the last quarter.
First Trust Cloud Computing ETF Trading Down 0.5 %
Shares of NASDAQ:SKYY opened at $95.99 on Friday. First Trust Cloud Computing ETF has a 1 year low of $65.69 and a 1 year high of $97.78. The business has a fifty day simple moving average of $93.89 and a 200 day simple moving average of $89.05. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.
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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