Paragon Private Wealth Management LLC Boosts Stake in First Trust Cloud Computing ETF $SKYY

Paragon Private Wealth Management LLC raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 127.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,065 shares of the company’s stock after buying an additional 19,068 shares during the quarter. First Trust Cloud Computing ETF comprises 1.2% of Paragon Private Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Paragon Private Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $4,584,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SKYY. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Cloud Computing ETF by 12,567.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after acquiring an additional 3,275,151 shares during the last quarter. BNP Paribas Financial Markets raised its stake in First Trust Cloud Computing ETF by 803.8% during the third quarter. BNP Paribas Financial Markets now owns 107,608 shares of the company’s stock valued at $14,465,000 after purchasing an additional 95,702 shares in the last quarter. Navellier & Associates Inc. bought a new position in First Trust Cloud Computing ETF during the second quarter valued at $8,552,000. AlphaCore Capital LLC purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter worth $6,823,000. Finally, Wells Fargo & Company MN grew its stake in shares of First Trust Cloud Computing ETF by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock worth $43,696,000 after buying an additional 47,229 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 0.9%

First Trust Cloud Computing ETF stock opened at $159.31 on Thursday. The company’s 50-day moving average price is $147.17 and its 200-day moving average price is $130.39. The company has a market cap of $3.19 billion, a PE ratio of 33.85 and a beta of 1.26. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $169.05.

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.