Northbridge Financial Group LLC Purchases Shares of 4,171 First Trust Cloud Computing ETF $SKYY

Northbridge Financial Group LLC purchased a new stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,171 shares of the company’s stock, valued at approximately $543,000.

A number of other institutional investors have also bought and sold shares of SKYY. Marshall Wace LLP bought a new stake in First Trust Cloud Computing ETF during the second quarter valued at $3,175,000. Brown Advisory Inc. bought a new stake in First Trust Cloud Computing ETF during the second quarter valued at $337,000. NewEdge Advisors LLC boosted its position in First Trust Cloud Computing ETF by 17.9% during the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock valued at $3,727,000 after acquiring an additional 4,652 shares during the last quarter. Quantinno Capital Management LP bought a new stake in First Trust Cloud Computing ETF during the second quarter valued at $597,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of First Trust Cloud Computing ETF by 7.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock worth $20,041,000 after buying an additional 11,987 shares in the last quarter.

First Trust Cloud Computing ETF Stock Performance

First Trust Cloud Computing ETF stock opened at $128.11 on Wednesday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 33.85 and a beta of 1.19. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $143.74. The stock’s 50 day moving average price is $116.49 and its two-hundred day moving average price is $122.21.

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.