Synergy Investment Management LLC Takes $83,000 Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Synergy Investment Management LLC purchased a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 700 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of First Trust Cloud Computing ETF by 86.2% during the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of First Trust Cloud Computing ETF by 34.2% during the fourth quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock valued at $19,248,000 after purchasing an additional 41,222 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Cloud Computing ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after purchasing an additional 5,620 shares during the last quarter. National Bank of Canada FI lifted its holdings in First Trust Cloud Computing ETF by 2.7% in the third quarter. National Bank of Canada FI now owns 61,284 shares of the company’s stock valued at $6,267,000 after buying an additional 1,596 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in First Trust Cloud Computing ETF by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 55,091 shares of the company’s stock valued at $5,634,000 after buying an additional 2,232 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $114.45 on Wednesday. The company’s 50 day simple moving average is $123.82 and its 200 day simple moving average is $114.39. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.54. The firm has a market capitalization of $3.57 billion, a P/E ratio of 32.02 and a beta of 1.14.

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.