First Trust Cloud Computing ETF (NASDAQ:SKYY) Stock Position Raised by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,650 shares of the company’s stock after purchasing an additional 654 shares during the period. Valley Wealth Managers Inc. owned 0.14% of First Trust Cloud Computing ETF worth $4,055,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in First Trust Cloud Computing ETF by 11,038.7% in the 3rd quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after buying an additional 408,542 shares during the last quarter. Raymond James & Associates lifted its position in shares of First Trust Cloud Computing ETF by 9.2% during the 3rd quarter. Raymond James & Associates now owns 162,068 shares of the company’s stock worth $16,573,000 after buying an additional 13,689 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of First Trust Cloud Computing ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock worth $14,864,000 after buying an additional 1,200 shares during the period. Private Advisor Group LLC lifted its position in shares of First Trust Cloud Computing ETF by 20.6% during the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock worth $12,309,000 after buying an additional 20,559 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of 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 buying an additional 68,751 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock traded down $1.69 during midday trading on Friday, hitting $116.50. 18,920 shares of the company were exchanged, compared to its average volume of 147,522. The firm has a market cap of $3.41 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 52 week low of $78.14 and a 52 week high of $121.59. The firm has a 50 day simple moving average of $104.47 and a 200-day simple moving average of $97.64.

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.