Flagstar Advisors Inc. boosted its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 15.6% in the third quarter, Holdings Channel reports. The fund owned 4,060 shares of the company’s stock after purchasing an additional 548 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust Cloud Computing ETF were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. EdgeRock Capital LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at about $33,000. Blue Trust Inc. acquired a new stake in First Trust Cloud Computing ETF in the second quarter valued at about $48,000. Values First Advisors Inc. purchased a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at approximately $49,000. Banque Cantonale Vaudoise acquired a new position in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $54,000. Finally, Anchor Investment Management LLC raised its stake in shares of First Trust Cloud Computing ETF by 53.4% during the 2nd quarter. Anchor Investment Management LLC now owns 675 shares of the company’s stock worth $64,000 after buying an additional 235 shares in the last quarter.
First Trust Cloud Computing ETF Price Performance
SKYY opened at $122.95 on Friday. The business has a 50 day simple moving average of $107.62 and a 200-day simple moving average of $98.88. The stock has a market capitalization of $3.60 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12 month low of $79.76 and a 12 month high of $123.15.
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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