Osbon Capital Management LLC Purchases New Stake in First Trust Cloud Computing ETF $SKYY

Osbon Capital Management LLC acquired a new position in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,404 shares of the company’s stock, valued at approximately $1,093,000. First Trust Cloud Computing ETF accounts for about 1.0% of Osbon Capital Management LLC’s holdings, making the stock its 21st biggest position.

Other large investors also recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of First Trust Cloud Computing ETF by 1.3% in the 3rd quarter. US Bancorp DE now owns 6,108 shares of the company’s stock valued at $821,000 after acquiring an additional 78 shares during the period. Private Trust Co. NA increased its holdings in First Trust Cloud Computing ETF by 2.7% in the 4th quarter. Private Trust Co. NA now owns 3,034 shares of the company’s stock valued at $395,000 after purchasing an additional 79 shares in the last quarter. Parallel Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 97.0% in the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Exencial Wealth Advisors LLC raised its position in First Trust Cloud Computing ETF by 2.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,477 shares of the company’s stock valued at $582,000 after purchasing an additional 99 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in First Trust Cloud Computing ETF by 1.3% in the third quarter. Ameritas Investment Partners Inc. now owns 7,695 shares of the company’s stock valued at $1,034,000 after purchasing an additional 100 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY opened at $131.88 on Friday. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $155.76. The stock’s 50-day moving average is $128.51 and its two-hundred day moving average is $123.03. The stock has a market cap of $2.72 billion, a PE ratio of 33.85 and a beta of 1.24.

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.