Endowment Wealth Management Inc. acquired a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,986 shares of the company’s stock, valued at approximately $356,000.
Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in First Trust Cloud Computing ETF in the fourth quarter worth approximately $32,119,000. PNC Financial Services Group Inc. raised its position in shares of First Trust Cloud Computing ETF by 86.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock worth $18,144,000 after acquiring an additional 82,121 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Cloud Computing ETF during the 3rd quarter worth $5,373,000. SPC Financial Inc. bought a new stake in First Trust Cloud Computing ETF during the fourth quarter valued at about $4,920,000. Finally, Private Advisor Group LLC grew its stake in First Trust Cloud Computing ETF by 34.2% in 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.
First Trust Cloud Computing ETF Trading Down 5.0 %
Shares of SKYY opened at $104.76 on Tuesday. The firm has a market cap of $3.22 billion, a PE ratio of 32.02 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $83.45 and a 12 month high of $131.54. The stock has a fifty day moving average price of $122.88 and a 200-day moving average price of $114.76.
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.
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