First Trust Cloud Computing ETF (NASDAQ:SKYY) Position Increased by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC raised its position in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,600 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. First Trust Cloud Computing ETF makes up approximately 0.7% of Main Management ETF Advisors LLC’s holdings, making the stock its 17th biggest position. Main Management ETF Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $14,864,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SKYY. Peterson Wealth Management grew its stake in shares of First Trust Cloud Computing ETF by 1.0% in the 4th quarter. Peterson Wealth Management now owns 24,204 shares of the company’s stock valued at $2,122,000 after buying an additional 250 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of First Trust Cloud Computing ETF by 5.1% during the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after purchasing an additional 118 shares during the last quarter. Napa Wealth Management bought a new position in shares of First Trust Cloud Computing ETF during the 4th quarter valued at $446,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Cloud Computing ETF by 3.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,565 shares of the company’s stock valued at $5,886,000 after purchasing an additional 2,126 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in First Trust Cloud Computing ETF by 36.4% in the first quarter. SeaCrest Wealth Management LLC now owns 8,869 shares of the company’s stock worth $848,000 after purchasing an additional 2,369 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

NASDAQ SKYY opened at $102.48 on Friday. First Trust Cloud Computing ETF has a fifty-two week low of $70.42 and a fifty-two week high of $103.17. The stock’s 50-day moving average is $95.54 and its two-hundred day moving average is $94.49. The firm has a market cap of $3.15 billion, a P/E ratio of 33.21 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.