Insight Advisors LLC PA purchased new shares in the First Trust Cloud Computing ETF (NASDAQ: SKYY – Get Rating) during the fourth quarter, according to the company’s latest filings with the Securities and Exchange Commission. That’s what I’m talking about. The fund purchased 6,570 shares of the company, worth about $378,000.
Several other large investors have also increased or decreased their stakes in Skyy. Ignite Planners LLC increased its First Trust Cloud Computing ETF holdings by 2,111.8% in the fourth quarter. Ignite Planners LLC added that he acquired 81,134 shares last quarter and now owns 84,976 shares of the company worth $5,458,000. Jane Street Group LLC increased its First Trust Cloud Computing ETF position by 126.8% during the fourth quarter. Jane Street Group LLC purchased an additional 78,217 shares during the period and now owns 139,917 shares of the company, valued at $8,061,000. The National Bank of Canada FI increased its First Trust Cloud Computing ETF position by 1,946.6% during the fourth quarter. The National Bank of Canada FI purchased an additional 62,952 shares during the period and now owns 66,186 shares in the company valued at $3,794,000. Marshall Wace LLP purchased a new position in the First Trust Cloud Computing ETF worth $3,146,000 during the fourth quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in the First Trust Cloud Computing ETF worth $4,301,000 in the first quarter.
First Trust Cloud Computing ETF Trading Up 1.4%
Shares of First Trust Cloud Computing ETF shares opened Friday at $78.04. The company has a market capitalization of $2.99 billion, a P/E of 20.90 times, and a beta of 1.06 times. His 50-day simple moving average for this company is $67.87 and his 200-day simple moving average is $65.27. The First Trust Cloud Computing ETF hit a 12-month low of $54.50 and a 12-month high of $79.44.
First Trust Cloud Computing ETF Company Profile
First Trust Cloud Computing ETF (SKYY) is an exchange traded fund based on the ISE Cloud Computing Index. This fund tracks an index of companies involved in the cloud computing industry. The modified equal weighted cap for equities is 4.5%. SKYY was opened on July 5, 2011 and is managed by First Trust.
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