First Trust Cloud Computing ETF $SKYY Shares Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 197.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,764 shares of the company’s stock after acquiring an additional 21,099 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.11% of First Trust Cloud Computing ETF worth $3,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of First Trust Cloud Computing ETF by 69.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares in the last quarter. Farther Finance Advisors LLC increased its stake in First Trust Cloud Computing ETF by 615.4% during the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after buying an additional 240 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Cloud Computing ETF by 15.7% during the first quarter. Janney Montgomery Scott LLC now owns 56,108 shares of the company’s stock valued at $5,736,000 after acquiring an additional 7,614 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of First Trust Cloud Computing ETF by 7.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,292 shares of the company’s stock valued at $337,000 after acquiring an additional 233 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 12.6% in the first quarter. Assetmark Inc. now owns 23,779 shares of the company’s stock worth $2,431,000 after acquiring an additional 2,655 shares during the last quarter.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY stock opened at $136.57 on Tuesday. First Trust Cloud Computing ETF has a fifty-two week low of $85.38 and a fifty-two week high of $138.82. The stock’s fifty day moving average is $128.02 and its two-hundred day moving average is $117.33. The firm has a market capitalization of $3.26 billion, a P/E ratio of 33.85 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.