Beacon Financial Advisory LLC Has $431,000 Stock Position in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Beacon Financial Advisory LLC increased its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,211 shares of the company’s stock after purchasing an additional 440 shares during the period. Beacon Financial Advisory LLC’s holdings in First Trust Cloud Computing ETF were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after purchasing an additional 118 shares during the period. Emerald Advisors LLC lifted its holdings in First Trust Cloud Computing ETF by 1.6% during the second quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock worth $763,000 after acquiring an additional 122 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in First Trust Cloud Computing ETF by 3.4% in the first quarter. HBK Sorce Advisory LLC now owns 4,357 shares of the company’s stock valued at $417,000 after acquiring an additional 142 shares during the period. VitalStone Financial LLC increased its holdings in shares of First Trust Cloud Computing ETF by 44.4% in the first quarter. VitalStone Financial LLC now owns 465 shares of the company’s stock worth $44,000 after acquiring an additional 143 shares in the last quarter. Finally, CWM LLC raised its position in shares of First Trust Cloud Computing ETF by 1.1% during the third quarter. CWM LLC now owns 13,422 shares of the company’s stock worth $1,373,000 after purchasing an additional 145 shares during the period.

First Trust Cloud Computing ETF Price Performance

NASDAQ:SKYY opened at $113.57 on Thursday. The business’s 50-day simple moving average is $102.26 and its 200-day simple moving average is $96.70. First Trust Cloud Computing ETF has a fifty-two week low of $75.21 and a fifty-two week high of $113.61. The stock has a market capitalization of $3.33 billion, a PE ratio of 33.21 and a beta of 1.06.

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.