Mercer Global Advisors Inc. ADV Purchases 1,211 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Mercer Global Advisors Inc. ADV raised its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 35.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,647 shares of the company’s stock after purchasing an additional 1,211 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in First Trust Cloud Computing ETF were worth $444,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SKYY. Perennial Investment Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at about $235,000. Renaissance Technologies LLC purchased a new position in First Trust Cloud Computing ETF in the second quarter worth approximately $325,000. HBK Sorce Advisory LLC lifted its stake in First Trust Cloud Computing ETF by 29.8% in the second quarter. HBK Sorce Advisory LLC now owns 5,657 shares of the company’s stock worth $540,000 after acquiring an additional 1,300 shares during the last quarter. Eagle Strategies LLC purchased a new position in First Trust Cloud Computing ETF in the second quarter worth approximately $444,000. Finally, Campbell Wealth Management raised its holdings in First Trust Cloud Computing ETF by 4.8% during the second quarter. Campbell Wealth Management now owns 4,331 shares of the company’s stock worth $414,000 after purchasing an additional 200 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock opened at $102.08 on Friday. The firm’s fifty day simple moving average is $95.88 and its 200-day simple moving average is $94.59. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $70.42 and a 12 month high of $103.17.

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.