Goldstream Capital Management Ltd Makes New $7.74 Million Investment in First Trust Cloud Computing ETF (NASDAQ:SKYY)

Goldstream Capital Management Ltd purchased a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 64,941 shares of the company’s stock, valued at approximately $7,736,000. First Trust Cloud Computing ETF accounts for 2.2% of Goldstream Capital Management Ltd’s portfolio, making the stock its 10th biggest holding. Goldstream Capital Management Ltd owned about 0.21% of First Trust Cloud Computing ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in First Trust Cloud Computing ETF in the fourth quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter worth approximately $40,000. Huntington National Bank grew its position in shares of First Trust Cloud Computing ETF by 594.4% in the 4th quarter. Huntington National Bank now owns 375 shares of the company’s stock worth $45,000 after buying an additional 321 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of First Trust Cloud Computing ETF by 1,343.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock worth $52,000 after acquiring an additional 403 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 0.3 %

NASDAQ:SKYY opened at $95.35 on Monday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 27.61 and a beta of 1.06. 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 of $108.76 and a 200 day moving average of $115.29.

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.