NewEdge Wealth LLC Makes New Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

NewEdge Wealth LLC bought a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,596 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of First Trust Cloud Computing ETF by 6.8% during the first quarter. JPMorgan Chase & Co. now owns 154,711 shares of the company’s stock valued at $14,004,000 after buying an additional 9,810 shares during the last quarter. Synovus Financial Corp raised its position in shares of First Trust Cloud Computing ETF by 103.8% during the first quarter. Synovus Financial Corp now owns 8,676 shares of the company’s stock valued at $789,000 after buying an additional 4,418 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of First Trust Cloud Computing ETF by 2.0% during the first quarter. Vontobel Holding Ltd. now owns 8,365 shares of the company’s stock valued at $757,000 after buying an additional 165 shares during the last quarter. Blair William & Co. IL raised its position in shares of First Trust Cloud Computing ETF by 11.4% during the first quarter. Blair William & Co. IL now owns 3,735 shares of the company’s stock valued at $338,000 after buying an additional 382 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of First Trust Cloud Computing ETF by 38.0% during the first quarter. Moors & Cabot Inc. now owns 6,868 shares of the company’s stock valued at $622,000 after buying an additional 1,891 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY opened at $90.10 on Friday. The company has a 50-day simple moving average of $94.45 and a 200-day simple moving average of $86.67. The firm has a market capitalization of $2.93 billion, a P/E ratio of 20.90 and a beta of 1.06. First Trust Cloud Computing ETF has a 52 week low of $60.65 and a 52 week high of $97.78.

First Trust Cloud Computing ETF 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.