First Trust Cloud Computing ETF (NASDAQ:SKYY) Reaches New 12-Month High – Here’s What Happened

First Trust Cloud Computing ETF (NASDAQ:SKYY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $121.67 and last traded at $121.32, with a volume of 122362 shares traded. The stock had previously closed at $117.62.

First Trust Cloud Computing ETF Trading Up 1.7 %

The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The stock has a fifty day moving average of $107.62 and a 200-day moving average of $98.88.

Institutional Trading of First Trust Cloud Computing ETF

Several hedge funds and other institutional investors have recently modified their holdings of SKYY. EP Wealth Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after buying an additional 118 shares during the period. PEAK6 Investments LLC boosted its position in First Trust Cloud Computing ETF by 71.5% during the first quarter. PEAK6 Investments LLC now owns 6,534 shares of the company’s stock valued at $625,000 after purchasing an additional 2,724 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Cloud Computing ETF by 1,277.0% during the first quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock valued at $7,087,000 after purchasing an additional 68,751 shares during the last quarter. Cetera Advisors LLC boosted its position in First Trust Cloud Computing ETF by 16.9% during the first quarter. Cetera Advisors LLC now owns 16,454 shares of the company’s stock valued at $1,573,000 after purchasing an additional 2,380 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 4.9% during the first quarter. EverSource Wealth Advisors LLC now owns 20,550 shares of the company’s stock valued at $1,862,000 after buying an additional 954 shares in the last quarter.

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.