Robertson Stephens Wealth Management LLC Raises Position in First Trust Cloud Computing ETF $SKYY

Robertson Stephens Wealth Management LLC increased its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,359 shares of the company’s stock after purchasing an additional 246 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in First Trust Cloud Computing ETF were worth $287,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 615.4% during the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Sound Income Strategies LLC raised its stake in First Trust Cloud Computing ETF by 1,215.2% during the 1st quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock worth $44,000 after acquiring an additional 401 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of First Trust Cloud Computing ETF in the first quarter worth approximately $66,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of First Trust Cloud Computing ETF in the first quarter worth $67,000.

First Trust Cloud Computing ETF Stock Down 3.4%

Shares of First Trust Cloud Computing ETF stock opened at $132.78 on Monday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 33.85 and a beta of 1.06. The stock’s 50-day simple moving average is $129.02 and its 200-day simple moving average is $118.06. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $138.82.

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.