Traction Financial Partners LLC Invests $210,000 in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Traction Financial Partners LLC bought a new position in First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,759 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds also recently made changes to their positions in SKYY. International Assets Investment Management LLC lifted its stake in shares of 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 worth $42,156,000 after acquiring an additional 408,542 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of First Trust Cloud Computing ETF by 86.2% in the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at about $5,373,000. Plotkin Financial Advisors LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the third quarter valued at about $3,062,000. Finally, Private Advisor Group LLC lifted its stake in shares of First Trust Cloud Computing ETF by 20.6% in the third quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after purchasing an additional 20,559 shares during the period.

First Trust Cloud Computing ETF Stock Down 1.1 %

Shares of NASDAQ SKYY opened at $129.41 on Tuesday. First Trust Cloud Computing ETF has a 52 week low of $83.45 and a 52 week high of $131.54. The firm has a 50-day moving average price of $124.57 and a 200 day moving average price of $111.86. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

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.