First Trust Cloud Computing ETF $SKYY Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 61.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,904 shares of the company’s stock after purchasing an additional 58,740 shares during the quarter. Envestnet Asset Management Inc. owned 0.65% of First Trust Cloud Computing ETF worth $20,822,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisors Preferred LLC acquired a new position in First Trust Cloud Computing ETF in the second quarter valued at about $47,000. Huntington National Bank raised its stake in shares of First Trust Cloud Computing ETF by 190.9% in the 2nd quarter. Huntington National Bank now owns 800 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of First Trust Cloud Computing ETF by 279.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,237 shares of the company’s stock worth $150,000 after acquiring an additional 911 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 100 shares during the period. Finally, Balboa Wealth Partners purchased a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter worth approximately $201,000.

First Trust Cloud Computing ETF Stock Up 2.5%

Shares of NASDAQ SKYY opened at $114.26 on Friday. The business’s 50 day moving average is $125.68 and its two-hundred day moving average is $129.01. First Trust Cloud Computing ETF has a 52-week low of $85.38 and a 52-week high of $143.74. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

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.