Envestnet Portfolio Solutions Inc. Buys 4,274 Shares of First Trust Cloud Computing ETF (NASDAQ:SKYY)

Envestnet Portfolio Solutions Inc. boosted its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 138.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,363 shares of the company’s stock after acquiring an additional 4,274 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Cloud Computing ETF were worth $877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new stake in First Trust Cloud Computing ETF in the fourth quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the last quarter. Morse Asset Management Inc bought a new stake in First Trust Cloud Computing ETF in the third quarter valued at about $40,000. SRS Capital Advisors Inc. increased its holdings in First Trust Cloud Computing ETF by 1,343.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after purchasing an additional 403 shares during the last quarter. Finally, Hemington Wealth Management increased its holdings in First Trust Cloud Computing ETF by 29.6% in the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after purchasing an additional 107 shares during the last quarter.

First Trust Cloud Computing ETF Trading Up 0.4 %

NASDAQ:SKYY opened at $108.54 on Monday. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 33.08 and a beta of 1.06. The stock has a 50-day moving average price of $120.48 and a two-hundred day moving average price of $115.41.

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.