B. Riley Wealth Advisors Inc. increased its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 10.3% in the second quarter, Holdings Channel reports. The institutional investor owned 36,305 shares of the company’s stock after buying an additional 3,399 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in First Trust Cloud Computing ETF were worth $3,468,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of SKYY. Cetera Investment Advisers boosted its position in First Trust Cloud Computing ETF by 1,277.0% during the 1st quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock worth $7,087,000 after acquiring an additional 68,751 shares during the last quarter. Seaview Investment Managers LLC bought a new position in First Trust Cloud Computing ETF in the second quarter valued at $2,532,000. Private Advisor Group LLC grew its position in First Trust Cloud Computing ETF by 18.1% in the first quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock valued at $12,499,000 after purchasing an additional 20,028 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $1,561,000. Finally, Creekmur Asset Management LLC bought a new stake in First Trust Cloud Computing ETF during the 4th quarter worth about $954,000.
First Trust Cloud Computing ETF Price Performance
Shares of NASDAQ SKYY opened at $102.26 on Tuesday. 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 has a market capitalization of $3.14 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The business has a 50-day moving average of $95.88 and a 200-day moving average of $94.57.
About First Trust Cloud Computing ETF
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.
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