Waverly Advisors LLC lifted its stake in shares of First Trust Cloud Computing ETF (NASDAQ:SKYY – Free Report) by 69.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,821 shares of the company’s stock after purchasing an additional 5,648 shares during the quarter. Waverly Advisors LLC’s holdings in First Trust Cloud Computing ETF were worth $1,860,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of SKYY. Parallel Advisors LLC increased its stake 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 buying an additional 97 shares during the period. Franklin Resources Inc. purchased a new position in First Trust Cloud Computing ETF during the 4th quarter worth $33,000. Capital Advisors Ltd. LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the 1st quarter worth $35,000. Russell Investments Group Ltd. lifted its stake in shares of First Trust Cloud Computing ETF by 177.9% in the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after acquiring an additional 185 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at about $40,000.
First Trust Cloud Computing ETF Stock Up 1.2%
Shares of First Trust Cloud Computing ETF stock opened at $158.47 on Friday. First Trust Cloud Computing ETF has a 52-week low of $103.76 and a 52-week high of $169.05. The company’s 50-day simple moving average is $150.98 and its 200-day simple moving average is $132.57. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 33.85 and a beta of 1.26.
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.
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