First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Purchased by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC boosted its holdings in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,703 shares of the company’s stock after acquiring an additional 492 shares during the period. Beacon Financial Advisory LLC’s holdings in First Trust Cloud Computing ETF were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its position in First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of First Trust Cloud Computing ETF during the third quarter worth about $40,000. Values First Advisors Inc. acquired a new position in shares of First Trust Cloud Computing ETF in the third quarter valued at approximately $49,000. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Cloud Computing ETF in the third quarter valued at approximately $65,000. Finally, GAMMA Investing LLC lifted its stake in shares of First Trust Cloud Computing ETF by 37.2% during the third quarter. GAMMA Investing LLC now owns 738 shares of the company’s stock valued at $75,000 after buying an additional 200 shares during the period.

First Trust Cloud Computing ETF Stock Performance

SKYY stock opened at $129.99 on Thursday. The company has a 50 day moving average price of $123.72 and a two-hundred day moving average price of $109.84. The stock has a market capitalization of $4.00 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a one year low of $83.45 and a one year high of $131.13.

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.