Florin Court Capital LLP Raises Stock Position in First Trust Cloud Computing ETF $SKYY

Florin Court Capital LLP grew its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 96.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,600 shares of the company’s stock after buying an additional 9,600 shares during the period. First Trust Cloud Computing ETF accounts for 2.1% of Florin Court Capital LLP’s investment portfolio, making the stock its 17th largest holding. Florin Court Capital LLP owned about 0.08% of First Trust Cloud Computing ETF worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pines Wealth Management LLC lifted its position in First Trust Cloud Computing ETF by 4.5% in the third quarter. Pines Wealth Management LLC now owns 1,844 shares of the company’s stock valued at $248,000 after acquiring an additional 79 shares during the last quarter. Exencial Wealth Advisors LLC increased its position in shares of First Trust Cloud Computing ETF by 1.9% during the third quarter. Exencial Wealth Advisors LLC now owns 4,378 shares of the company’s stock worth $588,000 after purchasing an additional 83 shares in the last quarter. Fifth Third Securities Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 3.7% in the 3rd quarter. Fifth Third Securities Inc. now owns 2,375 shares of the company’s stock valued at $319,000 after purchasing an additional 84 shares during the last quarter. Blair William & Co. IL boosted its position in shares of First Trust Cloud Computing ETF by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,145 shares of the company’s stock valued at $261,000 after purchasing an additional 97 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in First Trust Cloud Computing ETF by 8.2% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,316 shares of the company’s stock worth $177,000 after buying an additional 100 shares during the last quarter.

First Trust Cloud Computing ETF Stock Up 0.3%

SKYY opened at $126.98 on Wednesday. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $143.74. The business’s 50 day moving average is $129.00 and its two-hundred day moving average is $129.75. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

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.