Independent Advisor Alliance acquired a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,858 shares of the company’s stock, valued at approximately $1,412,000.
Several other hedge funds have also recently bought and sold shares of SKYY. Raymond James Financial Inc. bought a new position in First Trust Cloud Computing ETF in the 4th quarter worth about $32,119,000. PNC Financial Services Group Inc. boosted its position 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 worth $18,144,000 after buying an additional 82,121 shares during the period. Private Advisor Group LLC grew its holdings in First Trust Cloud Computing ETF by 34.2% in the 4th quarter. Private Advisor Group LLC now owns 161,588 shares of the company’s stock worth $19,248,000 after buying an additional 41,222 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Trust Cloud Computing ETF by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,336 shares of the company’s stock valued at $15,067,000 after acquiring an additional 5,620 shares during the period. Finally, National Bank of Canada FI raised its stake in First Trust Cloud Computing ETF by 2.7% during the 3rd quarter. National Bank of Canada FI now owns 61,284 shares of the company’s stock valued at $6,267,000 after acquiring an additional 1,596 shares in the last quarter.
First Trust Cloud Computing ETF Stock Performance
Shares of SKYY stock opened at $107.27 on Friday. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The firm has a market capitalization of $3.30 billion, a PE ratio of 32.02 and a beta of 1.06. The stock has a fifty day moving average of $121.73 and a two-hundred day moving average of $114.74.
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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