NewEdge Wealth LLC Acquires New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY)

NewEdge Wealth LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the 4th quarter, Holdings Channel reports. The fund acquired 2,596 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Meitav Investment House Ltd. lifted its position in First Trust Cloud Computing ETF by 31.1% in the 4th quarter. Meitav Investment House Ltd. now owns 39,607 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,398 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in First Trust Cloud Computing ETF by 37.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the company’s stock valued at $63,000 after acquiring an additional 197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $5,468,000. Prime Capital Investment Advisors LLC bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $214,000. Finally, Fulton Bank N.A. lifted its position in First Trust Cloud Computing ETF by 1.5% in the 4th quarter. Fulton Bank N.A. now owns 21,861 shares of the company’s stock valued at $1,917,000 after acquiring an additional 315 shares in the last quarter.

First Trust Cloud Computing ETF Trading Down 0.7 %

SKYY opened at $90.10 on Friday. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The firm’s fifty day simple moving average is $94.45 and its 200 day simple moving average is $86.67. The stock has a market capitalization of $2.93 billion, a P/E ratio of 20.90 and a beta of 1.06.

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.